$INTC got a bounce on the ascending triangle line at the end of this week after they opened their 'Fab' facility in Ireland this week....this was a $17 Billion investment and now it is operating.
There was a large fanfare for the event in Ireland and $INTC came out and said that they are fully taking advantage of all the tax benefits towards Semi Companies operating in Europe....this will likely benefit $INTCs bottom line.
That being said, I need to see a lot more here and specifically holding above the ascending triangle top line, as it has now rejected 4 times trying to get above and staying above.....this should not fill anyone with confidence.
$AMD is certainly a much better pick right now.