Intel is starting to show signs of improvement here that are worth monitoring. If this level can hold today, it will mark the end of the downtrend that began in June. I wouldn't be in a rush to buy it just yet as I would like to see the gap closed and overcome to be sure that selling pressure is removed.
It's worth keeping an eye on as if the gap can be overcome, a quick look at the longer-term charts suggest we could be looking at much higher price targets after that point. Also, this could prove to be a good lead on the Semi stocks which are approaching the apex suggesting the space is set to embark on a move once the direction is confirmed by the break. Take a look here for the analysis on the SOX.
https://steemit.com/trading/@technicaltrader/semiconductors-sox-on-watch-for-breakout