INTC Rebound Setup | Watching for a Break Above $95
Intel (INTC) is showing signs of stabilization after a sharp correction and is attempting to establish higher lows on the 4-hour chart. Following a stronger-than-expected earnings report and encouraging updates around its AI and foundry business, the stock has started attracting buyers again.
While the longer-term trend is still recovering, this setup offers a favorable risk-to-reward if bulls can maintain momentum.
🎯 Bullish Targets
🟢 $95.00 – First resistance. A break above this level could trigger additional buying momentum.
🟢 $102.15 – Next resistance and a logical area to take partial profits.
🟢 $107.00 – Major resistance from previous price action. I'll be trailing stops if price reaches this area.
📉 Support Levels
🔴 $90.00 – First support.
🔴 $85.58 – Key support from the recent consolidation.
🔴 $80.00 – Major support. A break below this level would invalidate my current bullish thesis.
Why I'm Watching INTC
• Higher lows beginning to form after the recent selloff.
• Strong volume following earnings.
• AI and semiconductor stocks remain an important market theme.
• Favorable risk/reward if buyers reclaim $95 with volume.
As always, I'll wait for confirmation after the market opens before entering a position.
This analysis is for educational purposes only and should not be considered financial advice.