and as I was browsing the results, this candidate, Intel, came up. It's been a long time since I've been interested in Intel, but as you know, the government has a stake in it, and chip stocks are performing well, and we prefer domestic production, perhaps this sets the stock up for further gains.
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anchor point of the 1983 IPO. Its value is around 24. So, it's not very valuable. But you know we talk about handoff. This low point was in 1993, and this handoff from there , this blue line, is in 2000.
So, this is basically the next important level from the 2000 low point, which we broke below the 2000 low point. And now we have the low point of 1993. And as you can see, it's around $33 per share.
SanDisk is pretty. MU is pretty. Intel is pretty. AMD is really pretty but all-time high already. Uh those are those are really pretty charts I think.
Let's delve deeper into companies like AMD and Intel,
AMD is focusing on x86 technology, the same technology as Intel, whose stock rose 14% today and then 12% by the end of the day.
So, we have AMD, Intel, ARM, Apple, and of course, Meta, which is leading this massive evolution today. Of course, Intel. We've talked about them , but why are we even paying attention ?
Uh, we've got there's there's a lot to cover. Obviously, we're going to cover this uh with AMD and uh Intel. We'll be covering those in just a moment.
Uh Intel was 14% on Intel. Wow.
Relies on a lot of compute driven applications. There are really two compute vendors. You've got Intel and AMD.
Also continued breakout on Intel. Now, I did have this on the show on Thursday illustrating this was at breakout watch. We didn't get the follow through on Friday, but goodness gracious, we got it today with price pushing up through this gap fill. had a little bit of resistance there, but I see as far as a longer term run on Intel, guys, it looks like we're going to be marching for the top end of this parallel that's been holding price since January of 2023.
You can see we pierced the top end range not far uh ago in June 30th, but near-term resistance as far as tomorrow and the following couple days will be right here on this inclining trend line with tomorrow at 12876.
But then beyond the next couple days, you see how that extends out further, bringing closer and closer to the top end of this parallel channel that ends up here at $142.19 by October 12th.
But if this momentum continues, we may just have one day of pause and then maybe a gap up over that to get to the all-time highs and the top of this parallel. Should see a lot of resistance up here at the top of the chart when and if price action barrels up to that level.
Intel (INTC) shares rose 13% today, with the semiconductor sector being one of the strongest performing sectors. The price rose, we saw a price gap, then we closed the gap at 120, then we closed it again at 122, reaching 124.73 during the day.
Now, we are approaching the next resistance level for Intel stock, which is the upward trend line . The arrow reached her five times , and this time it almost reached her. But in the period between these points, we saw a slight decline that reaffirmed the trend line.
So um if we could advance to the next uh chart in our grid here, we would be able to see that AMD second place here out of some of these more specialized names here uh behind Intel which was for quite a while a lagard in the group here.
But also moving along in tandem with AMD today on this same thing. Intel and ARM. So, let's talk about Intel first. And we got a nice price target increase uh for Intel over at Tigers Financial late last week. Seeing some bullish optimism there.
even get a little follow through in Intel. remember yesterday I'm like guys isn't it nice to see Intel you could have been you know in my language I'm like you'd be a buyer verse 9452 maybe add through 106 and went to 111 that is the first time you could have used two different tiers two different ways in a while where say hey I'm going to buy verse here verse support and add through momentum and you got paid first time yesterday in a while really nice to see that means maybe we're getting a little bit better action
Now, let's look at the breakout chart; look at Intel's stock breaking through the downtrend line. Among the stocks purchased was Intel, which rose 7.67%, posting a good daily close above the downtrend line .
Therefore, the key for bullish investors is another daily close above the day's candle.
Your last one is Intel riding high off of this potential news of uh perhaps making chips domestically for SKH. Still no confirmation there uh from either side, but we are seeing a nice 8 and a half% pop to the upside for Intel.
we are and to me from a technical standpoint also just a pure fundamental and uh standpoint as well momentum that this is the potential here for a push to new highs as it does find a little bit of stability over the last few days and to me also I believe it looks like it puts in a higher low so I'll be interesting to see how Rick looks at this but I think that this is a potential for further upside as it now looks to be breaking out of some of this consolidation
Intel being mentioned by Brandon. Intel calls I see going across the wire. This thing is straight up out of the open. INTC, what is where's this at in reference to the daily here.
Aha, we are breaking that sideways formation here on Intel. I'm thinking 120 next if this continues.
first, uh intel. Fantastic stuff here. This is going to be this is going to be one that's going to be uh pretty important to the um the terra fab that's being built out here uh near College Station.
This chart I like uh I like the way this looks. You looks like this is a uh recovering. Um still think we need to get it back above 110 and hold that. Although I do like this recapture of uh you know the 10 106 107 area.
Um I would like to see a recapture of 110. I think that would be better. Let me look at something else real fast here. Okay. You know what? I I think the weekly kind of illustrates uh what what I want to uh see a little bit more of.
This 20week SMA I think is is something that we need to see uh recaptured for sure. Uh if we get rejected here, I think that this comes down to the uh the 50week SMA. I'm not sure that that's going to happen, but it's look because it's looking like this is in turnaround mode, but I think we need to uh we need to start closing um above above the 20we SMA on a weekly chart.
We have Intel here pushing up nicely. Watch to see if Intel can break out above this level at 10685. If it does, I think you have upside all the way to this gap fill at 122. That would go with my bullish bias on the overall market.
There's news of Intel in discussions with SKH Heinix to build a memory facility in the United States and everybody needs memory. I do know Terraab, Tesla, SpaceX are working with Intel for the Terraab and this could be a way of shoring up additional memory for the future.
Uh, we also heard overnight that Intel is likely doing a deal with SKH Heinix to rent out one of their facilities to build chips here in the US. So, Intel is up on that news.
Again, why Intel? Why not one of these other ones? I'm just going to throw this out there that I have a small inkling that it could be to garner favor with the US since the US owns a percentage of Intel.
You know, Intel also is actually more interesting lately than freaking Nvidia. So, um this is what this high here is 526. In order to get to 584, it's got to get 526. If you look at the momentum index, it's probably not going to happen.
Um, Intel, Intel look, Intel's up $3 today. Intel looked kind of like AMD than yesterday. It filled that gap. Um, Intel's been giving you a pretty good move. It actually So, if you want to look at relative strength, right, cuz Intel is still above where it was at 85.
Um, still not easy, but it's it's one of the it seems like it's one of the better semiconductors. Now, this is when you had to get out of the Okay, at 126 it lost the momentum and now it's trying to rebuild. So see if that does rebuild.
Well Intel this week was up 12% and we got that buy signal here on Thursday. So, Intel does have a buy signal. Similar situation to AMD. The market's not helping. The sector is not helping, but the stock itself is looking pretty darn smooth, but you got 70% of the move is working against it.
You caught 10 more points on Core Weeb after a big gap higher in the pre-market on the Meta partnership announcement in September and Corweave signing that 14 billion deal with Meta in the inner circle seeing that initial gap but then catching more because of David and his levels under $29 was a key spot for David on the Intel on Intel after the Nvidia announcement news and we got a big green candle the next day a 5% move again thanks to David levels and knowing this theme and this trade uh when it comes to this market.
Intel pushed back to 105 and moving up. I think Intel, you know, when it came back in, that might have been a really good opportunity because uh this company's going to be big for getting that uh Terraab company uh up and running.
Uh this is now the second day that it's trading above the 50-day SMA. Great sign. We continue to hold that uh for you know I would say maybe tomorrow and the rest of the week. I I believe this is going higher.
You do have a small gap fill that takes you up to uh 121 and a half. Is that what that value is? Uh 122 basically. Um, so there's a there's a potential gap still there if we uh manage to to uh get up through uh what is this 116.
It's looking pretty good as long as this continues to hold above the VWAP. I'm sorry, the uh the 50-day SMA.
Uh next chart up with Intel, much like on LITE, on the verge of a potential breakout. Now, notice price action pierced this inclining or declining trend line today and pulled back ever so slightly to close under 105, but we're knocking on the door for a potential breakout.
So, watch tomorrow at 105.60. We get a breakout, we need a confirming push, then any pullbacks down to this trend line can be a buying opportunity for the resumption of upward movement on this chart.