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Intel -shares will remain on Tuesday on radar screens of investors after a report said on the weekend that Broadcom and Taiwan Semiconductor Manufacturing Co. Consider bids for parts of the company.
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Since starting at the beginning of August last year, the stock has mainly been arranged, so that a rectangular soil pattern may be cut.
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The relative strength index is just below 70 threshold and confirms the bullish momentum, making it the scene for a positive price action to continue this week.
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Investors must view important overhead areas on the map of Intel about $ 26, $ 32, $ 37 and $ 45, while also monitoring a large level of support near $ 19.
Intel (Intc) Shares will remain on Tuesday on radar screens from investors The Wall Street Journal reported that Broadcom on Saturday (AVGO) and Taiwan Semiconductor Manufacturing Co. (TSM) Consider bids for parts of the controversial chip maker.
According to the report, Broadcom investigated Intel’s Chip design and marketing activities, while contract chip maker TSMC has thought about taking over some or all Chip plants from Intel as part of an investor consortium or another structure.
Intel shares rose by more than 20% last week after Vice President JD Vance said at a recent AI conference in Paris that the Trump administration would take steps to ensure that AI chips were designed and manufactured in the US, A movement that could benefit the foundry of Intel makes chips for third parties.
Sentiment around the share received a further boost last week after speculation that the company can collaborate with TSMC to make chips in the US despite last week’s profit, Intel shares have lost almost half of their value in the midst of the midst of concern about the uncertain Turnaround plan of the chip maker and inability to capture more of the lucrative AI -Silicone market.
Below we will discuss the graph of Intel and apply technical analysis to identify the most important price levels that investors are looking forward to.
Since starting at the beginning of August last year, Intel shares have mainly remained accessible, which may cut a rectangular soil pattern.
This month, the share to the top of the Rangebound period on the above-average volume is considered, although it was closely monitored 200-day advancing average (MA) resistance in recent trade sessions.
In the meantime, the Relative Strength Index (RSI) is just below 70 threshold, so that Bullish Momentum is confirmed, making it possible to continue this week for positive price action.
