Semi Giant Forming High Tight Bullish Flag into Investor Meeting
Intel (INTC) shares are forming a bullish flag near the 8 EMA after bouncing from the 21 EMA on the recent pullback and with its AI Investor Day scheduled this week on Thursday 12/14 should see some upside interest into that. INTC also is on the bullish gamma list for this week’s large December expiration and as long as can stay above its 21 EMA near 42 then can likely work higher to retest 45 after it clears the top of value area at 43.75. The untested VPOC above at 46.73 could be a nice landing spot to target into year end but this week 45 a likely ceiling. INTC recently on 12/7 saw a large amount of February $45 calls bought at $1.44 with over 8000x adding to open interest.