Intel is strong, it's a beautiful reversal of a downtrend on a long-term trend. Current uptrend is in correction and there's a distribution going on mid-term, which means now is not the best time to enter but considering strong weekly reversal INTC is something you should keep an eye on and pick up. The blue line for the support has been standing so far, we will see if it's going to be the lowest target in this correction.
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P.S.There are many other indicators that are being used for this TA, the above snapshot is only an example.
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Moreover, I've been doing technical analysis for quite a while, and I'm neither bullish nor bearish, I'm a swing trader who likes TA. And as you should know - always make your own choices.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.