INTC — Descending Wedge Coiling Inside a 4x Rally | Key Level TeIntel CorporationBATS:INTCnevada999INTC Intel has staged one of the biggest reversals of 2026, going from ~$30 to a peak of ~$135 in just five months — a fundamental re-rating driven by six consecutive earnings beats, a 22% YoY surge in Data Center & AI revenue, and a credible full-stack AI narrative unveiled at Computex 2026 (Xeon 6+, 18A process, edge inference). After that explosive move, price is now compressing into a **descending wedge** — a classic bull-continuation pattern. The lower trendline sits around **$102–105**, which also aligns with LuxAlgo's key support at $102.40. Pre-market is already testing this zone. - Resistance: $126.62 (wedge ceiling / breakout trigger) - Current price: ~$111 - Support: $102.40 (must hold) - Invalidation: Close below $100 Thesis As long as $102.40 holds, the wedge remains intact. A confirmed breakout above $126.62 on volume opens the path toward **$160–180** by Q3 2026 — consistent with the measured move of the wedge. **Risk to watch:** Analyst consensus PT sits at just $88 — the stock has already run far ahead of the Street. Position sizing matters here. #INTC #Intel #TechStocks #DescendingWedge #AI #Semiconductors #TradingView