I'm not a fan of the question mark in the title thing, but I really don't know much about Intel's fundamentals to judge such a long term move. What I see here is big RSI divergence between the tops of June 2018 and Jan 2020. And I see a descending 'arch' triangle, more visible on the weekly. It will only take one or two months to see if this triangle holds. Then, we can judge.
Also, with the recent tried success of the new revolutionary Apple M1 chip, some of Intel's market share will be cut. That would definitely be a factor in the disruption of Intel.
Also, with the recent tried success of the new revolutionary Apple M1 chip, some of Intel's market share will be cut. That would definitely be a factor in the disruption of Intel.
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This is the triangle I referred to in the weekly time scale.
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The descending arch I drew earlier is acting surprisingly well as resistance. Let's see how low Intel goes.
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Well, there goes my descending triangle. I adjusted the previous arc into a line, hoping it will hold. But it got broken violently. The stop is definitely reached. But judging by the piece of news that caused this (CEO replacement), I expect price to come down to where it was before the news, then go up a bit for some earnings hope, then drop on earnings report.
Well, there goes my descending triangle. I adjusted the previous arc into a line, hoping it will hold. But it got broken violently. The stop is definitely reached. But judging by the piece of news that caused this (CEO replacement), I expect price to come down to where it was before the news, then go up a bit for some earnings hope, then drop on earnings report.