I’d wait for confirmation above $92 rather than chase the first rebound. INTC’s 4% rise and heavier trading activity are encouraging, but an oversold bounce is much easier to achieve than a genuine trend reversal.
For me, the key signal is not simply crossing $92.09, but holding above it with strong volume and follow-through over subsequent sessions. That would make $100 the next psychological level worth watching. A rejection at $92 followed by a loss of the $86 area would instead suggest the rally was mainly technical.
Longer term, I care more about Intel’s execution than RSI or MACD: foundry customers, manufacturing yields, margins and evidence that heavy investment can eventually generate attractive returns.
So my view: cautiously bullish above $92 with confirmation, neutral at $86–$92, and much more cautious below $86. 🐯
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