$Intel(INTC)$ Panic selling looks like it has run its course with volume returning to normal. The stock is basing in the upper $50s now. My guess is it will test the bottom of that huge gap in the mid-60s soon, the one from when it dropped over 20% the day after earnings. RSI is still extremely oversold in the mid-20s for a stock like INTC, especially since AI spending clearly isn't going to suddenly drop to zero. The 50s look like a great buy here. If Tan had some good news about IFS, now would be an ideal time to share it, since we could quickly get back to the $70-$90 range by end of year.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments