INTEL has broken above its 6-year Bear Cycle.

Intel (INTC) made a key long-term development this month as following last months rejection, it managed to break above its Lower Highs trend-line with force and despite the strong retracement of these days, it aims to close above it.

This technically brings an end to the stock's 6-year Bear Cycle since the January 2020 High. One would assume that following August's (2025) 1M Death Cross, the Cycle would continue lower but most likely it confirmed the bottom earlier this year.

At least that's what happened on the identical fractal of 2004 - 2011. A 1M Death Cross was formed just after the market bottom and a break above the Lower Highs confirmed the start of the 8-year Channel Up (blue). Even the 1M RSI sequences between those fractals are similar.

The first Target of that Channel Up was the Resistance level that started the Lower Highs trend-line, so that's our Target for Intel ($69.00) by the end of 2029.

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