Intel (INTC): B-Wave Rally Targets 42-45 Amid Foundry Momentum
Published: Nov 29, 2025 | Bullish Bias | Elliott Wave Setup
Intel (
INTC) is staging a compelling B-wave rebound from its A-wave low at $33, breaking above the $40 Fibonacci 78.6% retracement and ascending wedge upper channel.
Yesterday (11/28)'s close at $40.56 (+2.3%) on 1.9B shares confirms bullish control, with MACD golden cross at 0.934 signalling momentum shift. RSI at 64.5 shows bearish divergence risk—watch for >70 overbought pullback to SMA channel support (~$36).
Technical Breakdown:
• Wave Structure: Primary count (light blue): A-C correction complete; B-wave (zigzag) underway, targeting up to 100% retrace at $42.48 (A-high test)—break above invalidates ABC, signalling impulse wave (e.g., Wave 3 start) with higher targets (45+). Extension to 123.6% ($44.72) unlikely without invalidation, but possible if Q4 earnings beat (Jan 2026). Alternative (dark red): Bear divergence leads to C-wave failure below $38, probing $30-33 baseline.
• Key Levels: Support $38 (secondary)/$33-35 (major); Resistance $42-45 (sell trim zone). Volume surge (+60% avg) validates upside—sustain >2B shares for conviction.
• Indicators: MACD bullish (high-position cross as B-trap escape); Stochastic neutral (18.7, room to run).
Fundamentals Fueling the Move: Q3 revenue beat ($13.7B) and AI PC shipments (>1B units by 2025 end) underscore Foundry pivot. Apple chip rumors and CHIPS Act tailwinds add catalysts, offsetting TSMC litigation noise (neutral short-term). Consensus "Hold" (target $34.84) undervalues rally potential—Tigress eyes $52.
Momentum Notes: If Q4 Foundry >20% growth, extend to $44-48 (2025 match). Position for 1-2 weeks; rotate profits to TSLA on pullback. Bullish until $38 break—watch FOMC Dec 18.
Pine Script®
Published: Nov 29, 2025 | Bullish Bias | Elliott Wave Setup
Intel (
INTC) is staging a compelling B-wave rebound from its A-wave low at $33, breaking above the $40 Fibonacci 78.6% retracement and ascending wedge upper channel. Yesterday (11/28)'s close at $40.56 (+2.3%) on 1.9B shares confirms bullish control, with MACD golden cross at 0.934 signalling momentum shift. RSI at 64.5 shows bearish divergence risk—watch for >70 overbought pullback to SMA channel support (~$36).
Technical Breakdown:
• Wave Structure: Primary count (light blue): A-C correction complete; B-wave (zigzag) underway, targeting up to 100% retrace at $42.48 (A-high test)—break above invalidates ABC, signalling impulse wave (e.g., Wave 3 start) with higher targets (45+). Extension to 123.6% ($44.72) unlikely without invalidation, but possible if Q4 earnings beat (Jan 2026). Alternative (dark red): Bear divergence leads to C-wave failure below $38, probing $30-33 baseline.
• Key Levels: Support $38 (secondary)/$33-35 (major); Resistance $42-45 (sell trim zone). Volume surge (+60% avg) validates upside—sustain >2B shares for conviction.
• Indicators: MACD bullish (high-position cross as B-trap escape); Stochastic neutral (18.7, room to run).
Fundamentals Fueling the Move: Q3 revenue beat ($13.7B) and AI PC shipments (>1B units by 2025 end) underscore Foundry pivot. Apple chip rumors and CHIPS Act tailwinds add catalysts, offsetting TSMC litigation noise (neutral short-term). Consensus "Hold" (target $34.84) undervalues rally potential—Tigress eyes $52.
Momentum Notes: If Q4 Foundry >20% growth, extend to $44-48 (2025 match). Position for 1-2 weeks; rotate profits to TSLA on pullback. Bullish until $38 break—watch FOMC Dec 18.
Disclaimer: This analysis is for educational purposes only and is not investment advice. Please do your own research (DYOR) before making any trading decisions.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
“Discussion is welcome. Respect all views — markets are dynamic.”
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.