Intel Corp (INTC)

[JJ8]

I believe soon it will be a good time for me to add more intc shares.

Currently after having taken first round profits, the opportunity will be for a second run for me.

Presently, my average cost is $45.44 and today it is at $42.55 With the good news of funding the chip manufacture in the USA the shares are good to have in any balanced portfolio. The long term is now looking better for intc stock.

Currently intc share price appears to be consolidating within a longer-term uptrend. The Average Directional Index, or ADX, is below 20, indicating that shares have traded sideways recently. However, the 200-day is still sloping bullishly upwards. Comparative Relative Strength analysis shows that this issue is lagging the S&P 500

The technical picture based on the Fast Daily Stochastic Oscillator turned up yesterday at about in the bottom area . I doubt it will linger there for long.

I think the Weekly could be getting ready to follow as well, since it is in the bottom area as well. Tomorrow this may happen.

Though the momentum has been strongly bearish. The 14-period Slow Stochastic oscillator is below 20, the level which many analysts call oversold.

May be we get a clearer picture by tomorrow.

Though Momentum for INTC is strongly bearish. The 14-period Slow Stochastic oscillator is below 20, the level which many analysts call oversold.

I'd like to add more shares should the tech picture turn positive by this Friday.

Yesterday's volume was heavier than usual, trading 74,183,707 shares, versus an average of 41,714,442 shares per day during the last twelve months. The On Balance Volume indicator (OBV) is bullish. This is important. The slope of the indicator is positive and suggests that buyers are presently more active than sellers as of 3:59 PM ET Wednesday, 03/20/2024

We shall see as intc shares value is bound to rise in the long term. Intc is the company with the right background and experience in micro-chip industry.

GLTY & GLTA