Stock of the Day: Intel

In today’s Stock of the Day, I would like to focus on Intel, which is currently locked in a descending triangle pattern, a structure that typically hints at a potential bearish continuation—but can surprise in either direction.

The setup is well defined. The horizontal support, marked in blue, has been tested multiple times and remains a key level to watch. On the other side, a downtrend line, drawn with a black slope, caps the price from above and represents mounting selling pressure.

We are now approaching the apex of this formation, and a breakout is imminent. The direction of that breakout will determine the next major trend for Intel.

• A breakout below the blue support will be a strong signal to go short, likely accelerating the bearish momentum.

• Conversely, a break above the black resistance line will serve as a signal to go long, invalidating the triangle’s bearish bias and opening the door for a bullish reversal.

All eyes should now be on this narrowing range. The breakout—whichever direction it goes—could set the tone for Intel’s mid-term outlook.

Source: https://www.axiory.com/analytics/stock-of-the-day/stock-of-the-day-intel-7