INTC Idea for an absolute maximum screw move in both directions: Reverse bearish chart pattern from 50DMA, wash out bears, complete fill of the low 40s gap and possibly a little higher to make a higher high, get everyone bullish, then come down and wash out bulls to fill the gaps below or retest top of gap as support, create another bear army looking for teens, make run for the 70s. Theory for excessive pullback: broader market correcting the 2025 run at the same time.
INTC looks ready to run toward $45 once news breaks. There’s growing talk that Tesla may buy chips from Intel, and with strong U.S. government support under Trump’s administration, this aligns perfectly with the push for American-made tech.
Trump’s goal of strengthening U.S. supply chains positions Intel as a key player. Any confirmation of a Tesla partnership or broader domestic tech initiative could send this stock flying.