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Stock Of The Day: Where Will The Intel Rally End?

1. Intel is seeking an investment from Apple, impacting stock interest. 2. Current trading shows sideways movement, hinting at potential resistance levels. 3. Key resistance observed at $26 and $36 levels historically. 4. Previous sell orders at resistance levels likely to influence future trading. 5. Intel's stock is in an uptrend but may stall at established resistance.

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FAQ

Why Neutral?

The news about Apple shows interest but lacks decisiveness for major price movement. Historical resistance suggests potential for instability around $36, impacting traders' sentiment.

How important is it?

Seeking investment from Apple is significant, but historical resistance may inhibit momentum. The mixed signals point to moderate potential impact.

Why Short Term?

Resistance levels can affect immediate trading behavior, likely impacting shares shortly. Over time, new developments with Apple could lead to long-term changes.

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