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Chart of the Day: INTC Looking for Long-Term Support

Chart of the Day: INTC Looking for Long-Term Support

Schwab Network · Schwab Network

August 20, 20253m 58s

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Show Notes

Commerce Sec. Lutnick confirmed the Trump admin. is considering a stake in Intel (INTC) using CHIPS Act Funds. Kevin Horner discusses the chipmaker's chart patterns as shares look to rebound from recent lows. Kevin highlights the $25 level as a prior level of resistance with $22.50 acting as volume control area over the last 30 days. On a 3-year weekly chart, he says $25 was once a long term area of support and highlights rising RSI momentum as a potential bullish signal for shares.


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