INTC Weekly – Long-Term Accumulation with 5-Year TargetINTC Weekly – Long-Term Accumulation with 5-Year Target
Intel (INTC) has been through a major downtrend since its 2021 peak, but the weekly chart suggests we may have found a structural bottom.
🔑 Key Levels
Support Zone: $27 (recent bottom), $23 major long-term floor.
Resistance: $40–42 (key breakout zone).
Upside Targets (Fibonacci Extensions):
$52–55 → prior supply zone.
$72 → full retracement of 2021 highs.
$87–90 → 127% extension.
$105–110 → 161% extension.
$119 → ultimate 5-year target.
📊 Technical Notes
Price bounced strongly from the 0.786 retracement near $27 with heavy accumulation volume.
Breakout above $40 could confirm a long-term reversal.
Risk remains if support at $27 fails → next major level is $23.
🎯 Outlook
This might take years, but the long-term structure favors accumulation. INTC is positioning to benefit from AI, chip manufacturing expansion, and U.S. semiconductor subsidies.
Bias: Accumulation in the $27–32 range, with long-term targets $72 → $119.
