Intel (INTC) trades around $99-$101, supported by strong Q2 2026 earnings, a major foundry deal with Fortinet, and surging server CPU demand. However. shares face some pressure from elevated capital spending and broader chip sector rotation.

Technical Insights:
Stock is gradually approaching its resistance level, this same level, was broken down a couple of weeks ago, as the support, in respect to the structure. In addition, we can spot a partial formation of Inverse Head and Shoulders pattern, as we look forward for a prospective breakout, after little pullback.

Key Points:
A clear reverse, between $106-$109, activates a sell position down to $90.30, as next potential bearish.

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