*broadly, nothing has changed in terms of the bigger outlook - see weekly cycle. I expect a sustained break <$29 this Sept/Oct... to the 26/25s.
In theory, the H/S formation is suggestive of $22.50, but I realise that is an extremely long way down, and even I'm somewhat dismissive of that target.
*I have been 'lightly' trading INTC in the past month. Right now, I'm leaving it alone until at least early August. I'd prefer to short it again, but somewhat higher, in the $31.75/32.00 zone.