Stock of the day: Intel

You might have noted that Intel has breached the key horizontal resistance at $37, which is depicted in a distinct green hue on the chart. This significant move came on the heels of the price shattering a long-standing downtrend line, adorned in purple, somewhere around the year's midpoint. With this momentum, Intel's ambitions now seem set on a more daunting barrier: the orange-hued zone pegged at $38.2 Fibonacci.

What's crucial to understand is the gravity this resistance holds in the broader timeline. Serving as a robust support during 2018, 2019, and 2020, the resilience of this threshold is palpable. Given the current trajectory, there's a high probability of Intel reaching this pivotal mark.

Yet, what happens once it gets there? Will it breach or buckle? The inherent power of this resistance signifies that if the price concludes the day soaring above the orange zone, it will cement an overwhelmingly potent long-term buy signal. Alternatively, this might be the opportune moment for some traders to secure short-term gains. A subsequent bearish candlestick formation hovering around this juncture could then lure those with a bearish inclination, potentially presenting a compelling case to go short.