koolgal
09-23 04:43
🌟🌟🌟It is amazing how $Intel(INTC)$ surged 12.14% yesterday and another 1.71% today on news that AI spending concerns have subsided.  Intel is up a massive 22.37% in the past 5 days of trading.

Is Intel a Buy at these levels?

While Intel's long term turnaround indicators are showing legitimate signs of life, buying Intel's shares immediately after a steep vertical breakout may expose your capital to an incredibly high risk of near term pullback.

Intel's RSI has pierced above 74, signalling that it is technically overbought in the short term.  Parabolic runs like this require a healthy price consolidation or decline back toward established support around USD 116.16 before they can safely go higher.

While Intel's chip design wing is flourishing, the Intel Foundry contract manufacturing segment remains a huge financial weight, posting steep operational loss last quarter.

The best way to buy Intel is to dollar cost average.

@TigerStars @Tiger_comments @Tiger_SG

The boss asked me to issue coins
Hello everyone! Today is the eve of the "US Stock Earnings Week War", and it is also the first day of this tiger! To be honest, the boss stuffed a pocket of tiger coins as soon as he entered the office, and gave a death order: "If you can't finish it in a month, don't think about getting off work!" In order to get off work early and eat hot pot, I will hold fresh topics here every day and wait for everyone. As long as you dare to talk, I dare to send it! Look directly at today's hot discussion πŸ‘‡ πŸ”₯ The Nasdaq 100 fell 1.1%. Should the Fed FOMC + Big Four be safe from earnings week?
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Comments

  • NathanEsther
    09-23 21:32
    NathanEsther
    RSI above 74 with price riding the upper band usually needs a breather first. I would wait for a retest near 116 before calling it attractive
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