Intel (INTC) stocks have experienced a significant decline of 58.0%, dropping to $21.95 since December 28, 2023, with an even more substantial drop to $18.80 at one point. This marks one of the most severe declines in the company's history since 1999. Historically, such steep drops have often been followed by a rebound of at least 30% or even a shift to an uptrend, leading to a substantial recovery.
Currently, Intel's stock is showing signs of a potential rebound, having formed a double bottom pattern, which often signals a reversal in the market. This presents an attractive buying opportunity in the $20.00-22.00 range, with a target price set at $26.00-28.00. For risk management, a stop-loss could be placed at $15.00, ensuring protection against further downside risk.
