Intel's technical setup indicates a bullish breakout from consolidation with upside potential to 117+ due to improving momentum and trend shifts.

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

Yes. Uh to be sure now we had a rangebound area here. Kind of broadly speaking, our price activity was mostly between 82 to 104. If you wanted to get really granular though, you could have said it was more like uh 108 to the upside or even uh 110 here.

But we're we're kind of closing in on these levels. However, however granular you wanted to kind of get. or we're at the point where we're going to make a clean break above uh some of these individual price areas here to me.

Then the place that stands out next to the upside is 117. Why? Because it was the high that we saw after a gap down and there was a a significant uh uh notable area of extreme price activity there at those highs.

That's about where we topped out twice. That would then open the door to retesting some of those old highs near 142.

If you did have more of a bearish outlook, well, the bottom of the range here stands out at 82. Also, this is where our gap uh after the prior earnings event in April, April 23rd began.

So, a zone here between about 79 to 82 would be the important downside supportive range to consider.

So, uh in terms of our moving averages, next we are showing uh the the start of kind of this divergence pattern like we saw in our last chart. So, our fastest 5-day EMA is starting to pull away from its slower moving peers.

We have our teal 21day representing a month crossing above the 63day and gold that represents one quarter. Those are both right on top of each other between 98 to 99. So, this type of crossover, sometimes called a golden cross, not a good trading signal in and of itself, but an easy visual sign that the trend is improving and things are are sort of shifting from more uh uh sideways in this case to more bullish here.

So RSI also kind of interesting here because we had a short-term downward sloping trend line that has already been broken here. Uh kind of surging back up above that trend line and above the 50 midline here as price starts to break out as well.

Uh finally volume profile here. This one again not super helpful here. Much of the the trading volume has been in this range between 85 to 120. The real area that you could identify here is kind of centered around 100 to perhaps 110 or so.

So, we're starting to clear that area as well. Uh beware of fastmoving prices if we cross above 120 and start hitting those those uh more uh extreme ranges where there uh um there was thinly traded activity.

Yeah, we're fast approaching that 110 mark you just highlighted. We're at 10977. We're up more than eight and a half% on the session so far today.

Yeah, uh, you know, I think, uh, because of the recent volatility and the possibility that this is a false positive, if we lose some momentum or the the winds change over the course of the next few weeks, it's a short day to trade example uh, this time Marley.

And again, defined risk was another thought process because of the potential for some volatility and maybe a test of those recent lows. And so this will alleviate some of that.

So uh it's just buying a uh an October, excuse me, call spread. It's 29 days out the 105125 call spread. So you're buying an in the money call and then selling an out- of the money call with the opportunity to participate to the upside.

But again, define the risk to the downside. And again, looking at the riskreward metrics on this, you got about a 2 to1 riskreward metric as far as the cost of putting the call spread on versus what it could potentially pay out if we trade above 125 over the next month.

All right. And right now, Intel again up 8.6% adding to its nearly 200% move to the upside year to date with uh the potential for another upside catalyst if we get any confirmation on this SKH High news.