INTC seems overbought and overvalued and under pressure

H

hajimow

With its recent runup, I feel INTC is overbought and is under pressure. It can drop to $58 and I am considering shorting it. Now it is at $62.50
 
hajimow said:
With its recent runup, I feel INTC is overbought and is under pressure. It can drop to $58 and I am considering shorting it. Now it is at $62.50
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INTC has been in a trading range for the last 3 years. Best play is to "buy the bottom of the range", "sell the top of the range"... fine-tune in the middle as you choose.
 
Scataphagos said:
INTC has been in a trading range for the last 3 years. Best play is to "buy the bottom of the range", "sell the top of the range"... fine-tune in the middle as you choose.
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Daily has rallied
upload_2021-3-12_10-8-16.png



Hourly is in range
upload_2021-3-12_10-9-2.png


Weekly

upload_2021-3-12_10-10-19.png


Monthly

upload_2021-3-12_10-11-5.png
 
hajimow said:
Daily has rallied
View attachment 254358


Hourly is in range
View attachment 254359

Weekly

View attachment 254360

Monthly

View attachment 254361
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The KISS philosophy says, "trade the chart... exclude all other considerations". Everything investors know, feel, anticipate, hope, fear, etc is reflected in their buying and selling... IOW, the chart. All other considerations are superfluous*. KISS, baby!

*This is a "$Million pearl of wisdom". If you appreciate it, you can repay my kindness by sending a donation to a no-kill animal shelter. If you don't know of one, I can provide.
 
There has been a big rotation out of growth stocks into value stocks going on recently. INTC is a value stock, AMD is a growth stock. As long as this continues, expect INTC to outperform regardless of fundamentals.
 
hajimow said:
AMD is overvalued compared to INTC in terms of P/E but the market is more in favour of AMD. AMD has lost its steam recently but it is inline with semi stocks drop. I am more in favor of AMD than INTC in short term { 2 months}.
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When you say AMD has lost its steam recently, do you mean the stock price? Because I was under the impression that AMD was basically leaping over Intel in the CPU space, with Zen 2 or whatever, and basically released some Radeon graphics chips that were basically as good as, maybe arguably better than, NVIDIA chips? Don't quote me on that, I just remember reading some people talking about it on some forum, maybe this forum.

Thanks hajimow.
 
Saltynuts said:
When you say AMD has lost its steam recently, do you mean the stock price? Because I was under the impression that AMD was basically leaping over Intel in the CPU space, with Zen 2 or whatever, and basically released some Radeon graphics chips that were basically as good as, maybe arguably better than, NVIDIA chips? Don't quote me on that, I just remember reading some people talking about it on some forum, maybe this forum.

Thanks hajimow.
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Yes, I meant the price-wise and not the technology and product-wise.
 
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