Danny cheng
Technology Investor, Homily Charts & Technical Analysis
Intel's momentum is rebuilding after holding the key $81-$85 support zone, with whale accumulation now at 73.2%. A trend-reversal candle and an unfolding ribbon signalled the turn, and the momentum bars at $92, $96 and $100 each acted as reliable buy signals once surpassed. The momentum bars at $123, $132 and $142 should act as near-term and mid-term resistance. x.comÂ
Intel's momentum is building after two months forming a base between $80 and $90, with whale accumulation rising to 27.6%. The key momentum bar at $92 is holding as support. Near-term resistance sits at $100.50 and $110.20, and a consistent break above those levels would likely unlock the next leg higher. x.comÂ
Intel's fading options activity at $70 and $80, alongside a strong $100 node, improves its near-term setup. The stock bounced at its 200-day average alongside SMH and SOXX, supporting a $98-100 target this week; $110 calls are further out and $130 calls are for November-December. Dealers seem to have moved their hedges, though $80 may still come after October 30 earnings. The share target remains $140. x.com x.comÂ
Server CPU demand amid AI buildouts gives Intel's upcoming Q3 earnings a fundamental role in its bounce setup. The market expects roughly $16.5 billion in revenue; a potential triple bottom at $87 coincides with the 200 EMA, making a decent bounce highly likely from here. JPMorgan upgraded Intel from Underweight to Neutral, citing better execution and valuation. Losing the 200 EMA would invalidate the pattern and be a significant bearish signal. x.comÂ
Intel's rally is gamma-squeeze and momentum froth, not fundamentals, with its market cap jumping from $200 billion to $500 billion in a month without much change in the business. EPS won't even reach $1-1.5 this year, after $0.29 in Q1 and $0.20 guided for Q2, so it looks overvalued. It may take 18 months for the froth to fade and the stock to trade at reality. x.com x.com x.comÂ
Intel's $95 level should act as a floor after its capital raise drew heavy institutional demand. It raised about $15-20B around $95 a share with reported demand above $100B, so serious buying should reappear if the stock returns there. Intel has nearly tripled this year and sentiment has changed, but no scheduled catalyst over the next three weeks looks likely to push it another 15-20%, short of a surprise such as a major new foundry customer. x.com x.comÂ
Intel is being bought on the dip by institutions loading up, and could reach all-time highs soon. x.comÂ
Intel looks expensive even against sales despite its earlier revenue recovery: at 10x sales versus roughly 5x for chipmakers, the screen puts fair value at $40.45-$51.48 against $104.70. This adds a sales-based valuation warning to the prior earnings concern; it is a levels-only comparison using reported figures, not fundamental diligence. x.comÂ
Intel's setup points higher, with strong gamma support near $95 and $100 as the main call wall and short-term magnet. Holding above 100 targets 103-105, then 110, where gamma is building quickly. The chart shows higher lows and higher highs, a MACD golden cross and a reclaim of the 20-day EMA. Goldman Sachs' Communacopia conference, where tech firms will update on AI capex and inference demand, is a potential short-term catalyst for chips. x.comÂ
Intel shows clear, continued institutional buying that points to further gains. After earnings it gapped to highs not seen in nearly 30 years on its largest daily dollar buy volume ever, then set new records for buy volume last week and again this week. Following that smart money, another 15% move would be no surprise. x.comÂ
Intel's rally rests far more on hype and expectations than AMD's did, so it should not be expected to execute like AMD in the near term. AMD's run is backed by results and long sustained performance, while Intel carries 15 years of poor performance even as the cards stack up in its favor. x.comÂ
Intel's CEO just bought $10M of stock at $95, a whale worth following. x.comÂ
