We looked at Intel (INTC) recently, and at that time saw prices heading back up. I wrote, "Bottom line: Still long INTC? Great. Looking to get long INTC? Try to buy any dip towards $47, the top of the trading range since November. Risk a close below $44 looking for gains into the low $50's." If you followed my suggested strategy you should be long INTC from Friday. Let's see if this is still a good idea.
In this daily bar chart of INTC, below, we can see that last month INTC gapped higher and ran up towards $51 before retreating the past week. Prices are above the rising 50-day moving average line but close enough that the line could be tested in the near-term. The rising 200-day moving average line is comfortably below the market. The daily On-Balance-Volume (OBV) line did not make a new high last month with prices and diverged with a lower price high. A declining OBV line tells us that sellers have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line but poised to turn down for a take profits sell signal.
In this weekly bar chart of INTC, below, we can see that INTC is above the rising 40-week moving average line. The weekly OBV line has been pulling back since late October and tells us that sellers of INTC have been more aggressive. The weekly MACD oscillator is well above the zero line in bullish territory but it has been weakening towards a take profits sell signal.

In this Point and Figure chart of INTC, below, we can see the upside breakout out at $48.06 and the subsequent pullback or retreat. The $45.73 to $43.08 area could act as support. An upside price target of $65.66 is shown and shows that a decline to $42.23 could open the way to a deeper decline.
Bottom line -- while there has been some selling in INTC the past two months, the overall pattern is still bullish. I would continue to hold longs in INTC risking a close below $44.