Had INTC bottomed ? Is it back in vogue ?

[Innervoice]

Looks like it bottomed maybe a little pullback but the street seems to like it again. INTC has been rising a good volume.
Any thoughts?

 

[unconventional wisdom]

Show me a chart like this with an epic turnaround and new aths and I’ll show you 10 that keep trending lower for years

 

[easymon1]

Time will tell. Let's see what happens...
Any Fundamental Analysts wanna chip in?

 

[Innervoice]

Time will tell. Let's see what happens...View attachment 310426

Thanks for the response easymon1. I agree and that is exactly the chart and line I was looking at.
INTC will also have a lot of institutional support. Next area of resistance is 34.50-35 area.

 

[Innervoice]

Intel DC roadmap pull-ins a 'huge positive,' says Susquehanna. This may explain the run up today.

 

[maxinger]

https://www.elitetrader.com/et/threads/intc-intel-has-bottomed.370543/

Multiple threads

 

[SunTrader]

Multiple hope and prayers too.

 

[Peter8519]

Indeed, it cannot pull ahead of AMD on the CPU front. TSMC is still comfortably ahead in wafer node size. In this case, smaller is better. The guy who set up Intel GPU left. The ARC A770 can only match RTX 3060 and Radeon RX 6600 XT. The hope now is on Battlemage, Intel's next gen GPU. Intel outsource its GPU chip to TSMC on 5nm node. Intel was far ahead in GPU before ATI and Nvidia.

 

[maxinger]

It has been on a downtrend.
Then it moves in a range since many many months ago.
So it will continue to move in the range for many many more months.

The 31 resistance level/band appears not to be decisively broken.

INTC and MU have quite a similar pattern.

 

[Specterx]

INTC is a dog. Same price now it was twenty years ago.

It's not exactly blood-in-the-streets time for the stock in terms of valuation/expectations, and it will get dragged down with everything else if indices see another leg lower.