From monthly perspective, Intel has ih&s of ih&s within the chart over a span of 10 over years. There is a last ih&s spotted. The measured move is around 45. My target is 40-45-50. Bear in mind this is a long term target.
As long as it does not close below 28, the above would be valid.
There is another confirmation. The formula is to use the sum of the high and the low divided by 2 will be where the price could retrace. The high is around 76 while the low is around 12. Using the formula would get us to $44, within my target range.
Fundamentally, their cash cow PC market is shrinking but dropping slowly. Mobile business see no fruit yet but at least for now they get a contract win from Apple for iphone 7. Data center still strong. IOT still see not much fruits but I expect the hype on IOT to increase in the years to come when more and more devices are connected to one another.
Intel has announced transition to a company that powers the cloud and billions of smart connected computing devices. Whether if the strategy work out eventually remains to be seen. Short sellers are increasing. Once the hype about the success of the strategy increase, watch how fast the price will shoot up once the short sellers cover.
As long as it does not close below 28, the above would be valid.
There is another confirmation. The formula is to use the sum of the high and the low divided by 2 will be where the price could retrace. The high is around 76 while the low is around 12. Using the formula would get us to $44, within my target range.
Fundamentally, their cash cow PC market is shrinking but dropping slowly. Mobile business see no fruit yet but at least for now they get a contract win from Apple for iphone 7. Data center still strong. IOT still see not much fruits but I expect the hype on IOT to increase in the years to come when more and more devices are connected to one another.
Intel has announced transition to a company that powers the cloud and billions of smart connected computing devices. Whether if the strategy work out eventually remains to be seen. Short sellers are increasing. Once the hype about the success of the strategy increase, watch how fast the price will shoot up once the short sellers cover.
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