Usman Salis
Intel's stock has been climbing steadily and is now testing a key resistance zone at $37. This level previously triggered a sharp reversal, so it's worth watching closely.
What the Chart Shows
Trader John The Rock Trading Co. recently pointed out that INTC has finally reached $37, raising an important question: will momentum push the price higher to fill the gap at $42, or is a pullback coming first?
The $37 level is significant because Intel failed here during its last major rally. It's now a make-or-break point—either the stock breaks through cleanly, or it risks forming a double-top that could signal weakness.
The recent rally into $37 was nearly vertical, leaving little support structure below. These kinds of sharp moves tend to be volatile. If buyers stay committed, the rally continues. If sellers step in, a quick retracement is likely.
If Intel clears $37 with conviction, the next logical target sits at $41–$42, where there's an unfilled gap. Gaps like this often pull price toward them when momentum is strong.
Key price levels to monitor:
- Resistance: $37–$37.50 – Breaking above opens the path to $42
- First support: $35.50–$36 – Holding here keeps the bullish trend alive
- Deeper support: $33–$34 – If the rally stalls, this prior breakout zone could attract buyers
What's Driving the Move
Beyond the technicals, several fundamental factors will determine whether Intel can sustain this momentum. There's renewed optimism around AI and PC demand cycles, particularly for AI-enabled hardware. Investors are also keeping an eye on Intel's execution—especially progress in its foundry business and margin improvements. And of course, broader market conditions matter. Rising bond yields or weaker risk appetite could weigh on semiconductor stocks in general.
Usman Salis
