Intel was hit hard by rival Advanced Micro Devices in the x86 (central processing unit) processor market, losing share in servers and PC processors thanks to the latter's technological advantage.
Our Analysis:
As long as the price is above the 52.50 level, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 53.65
- Take Profit 1: 55.50
- Take Profit 2: 56.20
Alternative scenario:
If the level of 52.50 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 52.50
- Take Profit 1: 51.20
- Take Profit 2: 50.40
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