Chart Analysis by TopMarketGainers

[TFMG]

$INTC Nearly time to start scaling back into INTEL. Still Value

When INTc rang the alarm bells on the 25th April it dragged the entire stock market with it, so yesterday's AVGO negative outlook should not have been any great surprise to anyone. It was believed that AMD was the reason for INTC reporting such disappointing guidance but it is now evident that the trade war and more importantly the worldwide economic slowdown is effecting every sector. Semi and chip stocks are seen as a leading indicator for the world economy so when NVDA tumbled last year we should have all taken note.
Intel has the advantage over others, as having a very reasonable p/e ratio and balance sheet so will probably recover before others. In friday's session while AMD and NVDA lost +3% intel was only down 1%, which is a significant sign.
Another slight pullback would be a good opportunity to start scaling into the stock.