Watch These Intel Price Levels as Stock Soars After Chipmaker Names New CEO | Global News Avenue

Intel(INTC) Stocks soared in expanded trading after the company Wednesday Appointed as a former board member and chip industry veteran Lip Brown Tan as new CEO.

Tan, he is the former CEO of Cadence Design Systems, a ChIP software company (CDNS) will replace interim co-CEO David Zinsner and Michelle Johnston Holthaus, who have held the position since retirement in December. The tan will bear the roll next Tuesday.

The development comes after a report earlier on Wednesday by Taiwan Semiconductor Manufacturing Corporation (TSM) is close to NVIDIA (NVDA), advanced micro-equipment (AMD) and Broadcom (avgo) About forming a joint venture Own and operate Intel Foundry Bureau – This department produces chips for third-party customers.

Intel’s stock has lost more than half of its value over the past 12 months, and the company has been unable to capture the lucrative AI chip market and months of restructuring and months Trading rumors. The stock jumped 10% to $22.84 in an after-hours meeting Wednesday after news of the CEO appointment.

Next, we break down technology On Intel’s charts and identify key price levels that investors may be focusing on.

Potential range bottom

since glap In early August last year, most of Intel’s stocks remained lower Cycling worldit is possible to distinguish the lowest point of the market.

Recently, the stock was held at a brief rally that followed 200-day moving average (MA) Before going back to the trading floor in the past seven months.

However, the stock rose higher in regular trading sessions on Wednesday and received further gains on Thursday.

Let’s find three crucial elevated areas to watch new charts on Intel’s charts trend Higher, also confirm a major Support level Whether stocks worth monitoring go back to multiple month lows.

Key elevated areas

The first elevated area to watch is about $22. While the stock is currently expected to be above this price on Thursday, it is worth a look bull Given that it is close to one Horizontal line This links a series of comparable trading actions on the chart from August last year to March this year.

Success over this level is close to bringing stocks together to $26. Investors who have purchased the latest lows may look for Lock profits Famous in November and March peak.

Purchases listed in the region may drive around $30. This area may provide resistance nearby Psychological circle number and previous lows Transaction scope On the chart before the early gap.

Major levels of support worth monitoring

Further sales of Intel stock could make prices re-examine multiple months lows at about $19. Bargaining hunters may seek stocks in that location near this location Trend line This links several lows in stocks between August and February.

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