Peter Smith
Intel (INTC) is catching fire again after months of consolidation. The stock has broken out with conviction, and the technicals suggest there's still gas in the tank - though a breather wouldn't be surprising.
Technical Setup
The daily chart tells a clear story. INTC pushed hard above $35, jumping from the $30–32 zone to $36, showing real buying conviction. Support sits around $32–33, with the 200-day moving average near $24 as a backstop. The LEAF tool shows green oscillators and histogram bars confirming the bullish vibe. As a WealthBranch trader noted, the AI forecast hints at near-term consolidation, but the bigger picture leans positive with another push higher looking realistic.
That AI edge is giving swing traders something tangible in this volatile sector.
What's Behind the Rally
Intel's doubling down on AI as money flows into the sector, earnings expectations are building optimism, and there's been rotation back into legacy chipmakers as institutions hunt for value in stabilizing tech. The setup has real structure behind it.
Looking Ahead
If Intel holds above $32–33 support, it'll likely consolidate before taking another run at $38–40 resistance. Drop below, and focus shifts to lower moving averages. Right now, INTC offers solid momentum and opportunity. Pullbacks could happen, but the stock's role in the AI semiconductor story makes it worth watching.
Peter Smith
