Watch These Intel Stock Price Levels as Deal Speculation Mounts | Global News Avenue

Intel(INTC) Stocks may remain on investors’ radar screens on Tuesday Wall Street Journal Reported on Saturday Broadcom (avgo) and Taiwan Semiconductor Manufacturing Company (TSM) yes Some chip manufacturers considering bidding.

According to the report, Broadcom has been studying Intel’s chip design and marketing business, and contract chip maker TSMC has considered it as an investor for some or all Intel chip factories. Consortium or another structure.

Intel Share Soared more than 20% last week JD Vance said at a recent AI conference in Paris that the Trump administration will take steps to ensure the design and manufacture of AI chips in the United States, a move that could benefit Intel’s foundry companies, thus making the first move for the first time. Three parties manufacture chips.

The sentiment around stocks has been further improved last week Speculation that the company can work with TSMC to make chips in the United States. Despite the harvest last week, Intel’s stock has lost nearly half of its value in the past year due to concerns about chipmakers’ uncertain turnaround plans and the inability to capture more profitable AI silicon markets.

Below, we carefully studied Intel’s charts and applied them Technical Analysis Identify key price levels that investors may be aware of.

Potential rectangular pattern engraving diagram bottom

since glap In early August last year, most of Intel’s stocks remained lower Cycling worldit is possible to decompose rectangle Bottom mode.

This month, the stock has gathered above average at the top of the distance period volumedespite close attention 200-day moving average (MA) Provided Resist In recent trading courses.

at the same time, Relative Strength Index (RSI) Below 70 thresholds, confirming bullish momentum, laying the foundation for positive Price action Continue this week.

Let’s identify the four key overhead areas on Intel charts Support level If the stock reverses the course, it is worth monitoring.

Key elevated areas

First, it’s worth tracking the $26 area. The current position currently above the 200-day MA may provide overhead resistance near the top trend line of the rectangular pattern.

decisive breakthrough Stocks above this level may cause the stock to climb to around $32. Investors who buy stocks at lower prices may look for Exit point In the area near the trend line, between April 2023 and July last year, the trend line connects a series of comparable trading levels.

Purchasing above this level may trigger a trip to the $37 area. Stocks may experience resistance at this position near that position Horizontal line These links are linked from multiple peaks on the charts from August 2023 and last July.

long upgrade Open the door and rise to around $45, which is the area investors may look for Lock profits near Peaks and slots This is formed on the chart between November 2023 and March 2024.

Mainly support level to monitor

If Intel’s stock price reverses, investors should pay close attention to the $19 level. This area on the chart may provide a lot of support where buyers may be looking for Entrance point Lower trend line close to rectangular pattern.

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As of the date of writing this article, the author does not own any of the above securities.