#Intel set to create new HH if it breaks the resistance at $48. The potential drivers include the change in opinion of most Institutional investors from 1st profit take to Hold. This trend includes the opinion of the team at KeyBanc who upgraded INTC to “Overweight” with a $60 target, citing Stronger‑than‑expected data‑center and AI server demand, Intel CPU cloud option being sold out for 2026 and a Potential 10–15% price increases on server chips.
Personal Opinion: Analyse for a potiental entry around $45 and join for a first profit take at $58. Remember, we've still got the profit margin news planned for 22nd/23rd.
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