Saw an article and it plays right into Intel situation and playbook. 

Catalyst: Recent news highlights that TSMC is hitting capacity limits for Nvidia and other major AI chipmakers — meaning supply bottlenecks. That constraint is reshaping the AI chip supply chain, creating space for alternative foundries. Intel’s Foundry Services could benefit as customers seek available, reliable capacity versus waiting on TSMC backlogs — calling it a potential “golden ticket” for Intel’s foundry comeback.

📊 Short Technical Analysis (Daily/Weekly View)

Trend:

• Price has broken past recent consolidation, holding above key horizontal support near prior congestion zones (mid-term pivot).

• Stronger higher lows suggest bullish momentum continuing.

Indicators:

• RSI: Moderately bullish, not yet overbought — implies room to run before typical exhaustion.

• MACD: Bullish crossover recently confirmed, hinting at continuation of upward momentum.

Support Levels:

• Primary: nearby last breakout zone (~$46–48 area)

• Secondary: previous swing low (~$42)

Resistance Levels:

• Near-term: recent multi-week highs (~$52–$54)

• Longer-term: psychological round numbers (e.g., $60 area)

Price Action:

Bullish candles with decent volume suggest buyers are stepping in on dips — classic accumulation behavior ahead of broader moves.

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🎯 Short Takeaway

Intel’s turnaround story appears to be gaining structural support, not just from earnings but market leadership rotation due to supply constraints at TSMC, potentially boosting Intel’s foundry relevance. Technicals align with a continuation higher as long as support holds and volume confirms, keep an eye on the $46–48 support zone and next resistance around $52–54.

Positioning for profit is so important. Sometimes we get it right, and sometimes we get it righter. 🙏🍀

PS: Not financial advice, and DYOR