Intel: Bottom Fishing Is Not An Investment Strategy (Technical Analysis)

Nov. 29, 2022 5:15 AM ETIntel Corporation (INTC)AMD, CSCO, MU, NVDA, TSM94 Comments
Mirco Lysek profile picture
Mirco Lysek


  • INTC is in its worst sell-off since the Dotcom crash. Though I don’t see history repeating itself, it’s not a time long-term investors want to be invested in the stock.
  • Bottom fishing is an ego-boosting tactic rather than an investment strategy, but everyone has the choice to feed their ego rather than their portfolio.
  • In this technical article, I show important price levels and metrics that investors could consider for gaining an edge on the stock’s likely price action.
  • This article focuses on technical analysis and based on those aspects, the stock is not yet offering a long-term investment opportunity.
  • While I discuss a short-term buy-strategy, overall, I categorize INTC as a hold position.

money trap concept

BongkarnThanyakij/iStock via Getty Images

Investment thesis

Intel Corporation’s stock (NASDAQ:INTC) is suffering from its worst decline since the burst of the Dotcom bubble. 20 years later, the stock formed a significant double top, from which it got rejected in a massive

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This article was written by

Mirco Lysek profile picture
Full-time trader with 18+ years of experience in stocks. Master's Degree in Management specialized in Finance and Strategy. It’s all about managing the risk: Being wrong is unavoidable, staying wrong is a choice. While I enjoy giving my opinion on long-term investment opportunities, my focus is oriented toward momentum and mid-term position trading, as I leverage my proficiency in fundamental analysis and combine selected quantitative metrics and theories in technical analysis.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: All of my articles are a matter of opinion and must be treated as such. All opinions and estimates reflect my best judgment on selected aspects of a potential investment in securities of the mentioned companies, as of the date of publication. Any opinions or estimates are subject to change without notice. I am not acting in an investment adviser capacity, and this article is not financial advice. I invite every investor to do their research and due diligence before making any investment decisions. I take no responsibility for your investment decisions but wish you great success.

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