Intel Corporation
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INTC a buy?

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Well to be honest I have lost a trade with INTC backed in March 2024 when I thought it was a bullish trade.

However, looking at the weekly chart now, INTC have experienced a significant dropped and is now trading below its intrinsic value.

Though INTC have been losing its competitive advantage and moat, I have taken a swing trade on this setup as I believe it will be having a reversal soon. I do not believe in holding INTC for the long terms but it is definitely tempting to swing trade it for the short term.

[Yes, I am guilty of loving to swing trade a stock after the stock experience a majority flush]

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