Intel madness. Stock is VERY cheap.

Hi everyone,

Today we are deep diving into INTC stock situation.

What happened?

Recently stock was dumped by institutions after earnings report, leading to 11% decline in price. As a result, stock was downgraded by a bunch of analysts.
Nevertheless, earnings were not terrible. Revenue missed the mark by just 0.84%, while EPS increased by enourmous 54%.

What does this mean?

The stock is immensely undervalued.

After the dump P/E ratio went to merely 9.6, which is insanely low compared to competitors P/E (good for Intel stock).

The plan:

Scaling into long position here.

Based on previous box tendency, I expect the stock to move inside the projected box and breakout upward.

IF we go lower to red trend line support, I expect massive buying volume there.
Best buying zone is circled on the chart, but there is a chance we don't see that level for a long time (hopefully never).

On a macro level, Intel is investing A LOT into R&D and building new plants, which should pay off in the long-run.

Please let me know what you think about INTC stock.

Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise.