$INTC TOP 20
Added 2024-08-18 19:23:15 +0000 UTCWhat we saw this week was a lot of the regular stocks we upload bouncing out of their Buy Zone, $DIS and $NKE as examples, $INTC is still in its Buy Zone and what we have noticed over the years is that the price tends to not wait too long in the undervalued position in a Buy Zone.
$INTC did find some support above its 0.887 Fib at $18 but has not really taken off yet
If $NVDA deliver in about 10 days on their earnings report, there could be a very bullish ripple across the semi sector and $INTC could benefit from this too
We added $AMD this week and happy with our exposure here but we can not deny that $INTC is attractive here but you must be willing to hold for long term, it has a lot of work to do to catch up with the other sector leaders but I think it can get there.
