Technical Confluences: - Price action is close to the 78% Fibo Extension and is at a strong Demand Zone - Stochastics is in Oversold conditions from Daily, Weekly and Monthly
Fundamental Confluences: - Currently, Intel is trading at tangible book value ( thevalue you will get if the company gets liquidated) - At such value, chances of a takeover might be there which means, potential premium to be paid on takeover news? - After weak Q2 earnings, does it mean anything if the CEO starts buying the stock himself?
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With deep discount in INTC 's value, another no-brainer and minimal risk. Intel is not going to liquidate.
Will be expecting a turnaround and definitely a Long-Term hold in my portfolio.
Remember, DYOR. ________________________________
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Disclaimer: The above suggestion is an personal opinion in general and does not constitute as investment advice. Any decisions taken based on the above suggestion is purely your own risks. DYOR.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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