INTC overview before earnings

INTC has recently seen a decline within price from the highs of $40 - 50 levels. INTC has reached a level of stability around $30 and has successfully pulled up from these levels.

Due to earnings soon which comes with more volatility and (therefore more price action), there is a possibility to go higher though I am still conscious that these levels could be invalidated due to bad press/news etc.

If there is bad press, it is likely to drop around to the $20 - 26 levels though depends on the market's views.

INTC is currently trading at its 52 week low of around the $30 and we'll see if this level is sustained or invalidated.

Overall, I believe INTC has possibility to grow though upcoming news upon Intel to halt $25-billion Israel plant, and with the reports of their earnings and the market sentiment will overall decide this.

Currently in a trade long at 30.01. Still quite bullish about situation but could change if new news comes out, and will adjust position accordingly.