$INTC TOP 20
Added 2024-08-02 11:46:31 +0000 UTCHorrific scenes from $INTC, missing earnings estimates by 80%, canceling their dividend and cutting 15,000 staff members....this is capitulation for $INTC and the share price has now sunk to a 11 year low.
$INTC's Buy Zone has always been below $24, since the time we set up this group over 2 years ago, this has not changed.
As with $NKE, the price is in an undervalued position right now but there is no rush to buy, I do not expect a fast recovery, you want to see consolidation first and strength build up before adding.
This is what I will wait to see before considering a position.
