Saad Ullah
⬤ Intel stock is trapped in a tight range near a critical resistance level, with the latest daily chart revealing price consolidation just below the $40 mark. A "volatility hole" sits on the INTC chart with its upper boundary at $40.05. The stock now needs a powerful push to crack through this barrier and ignite real upside momentum.
⬤ Recent price action shows INTC has stabilized after earlier declines, but every rally attempt hits a wall at the same resistance zone. The $40.05 level is acting as a concrete ceiling, making it the key price to watch for Intel's short-term outlook. While the stock has shown recovery strength at times, the inability to break through signals that momentum remains weak.
⬤ The chart reveals relatively quiet volatility in recent sessions, which explains the "volatility hole" description. For INTC to punch through $40.05, it'll likely need a forceful expansion in price movement and trading volume. Until that happens, Intel keeps bouncing around beneath the resistance ceiling, with any bullish continuation depending entirely on breaking that barrier.
Saad Ullah
