INTC shares have not filled the $31.50-$32 gap from 2 weeks ago yet. The shares have massively underperformed the general market this year as the bearish trend is still intact despite Friday’s gains. The October 2014 low ($29.25) and the June 2014 gap support (between $27.21 and $28.97) are the longer-term support levels.
INTC stock price (6 months)
Chart courtesy of StockCharts.com. http://stockcharts.com
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Petros Steriotis, CFTe, MSTA 