Intel potential triple bottom happening?

As the semiconductor company is doing quite bad recently, Intel $Intel (INTC.US)$ is one of the market leaders who delivered bad earnings report. As per consensus, the current earnings reports for Intel might be a loss making one.

Therefore we think that the chances of Intel to retest its all time low around 24 is very high and we might see a triple bottom over there. There is still a 20% downside risk in this situation.

Consequently, it might be very good to be patient and let’s see if triple bottom really happens in this situation for potential good entry point.