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.
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.