I reviewed the charts of Intel Corp ( INTC) on May 25, and wrote that "I do not see this as the time to be a big bear on INTC. I think the prior lows will hold but I will be a 'wait and see' guy for now."
INTC rallied on May 26 and has continued higher. Let's review the charts again.
In this daily bar chart of INTC, below, I can see that prices broke below the 200-day moving average line and then rebounded above it. INTC is also above the 50-day line. The On-Balance-Volume (OBV) line moved slightly lower the past two months. The MACD oscillator is below the zero line, but trying to generate a cover shorts buy signal. 
In this weekly Japanese candlestick chart of INTC, below, I can see that prices trade above the bottoming 40-week moving average lines. A recent lower shadow tells me the risk could be to the upside. The weekly OBV line appears to have made a bottom pattern. The MACD oscillator has narrowed and sits just below the zero line.
In this daily Point and Figure chart of INTC, below, I can see an upside price target in the $41 area.
In this weekly Point and Figure chart of INTC, below, I can see a price target in the $42 area.
Bottom line strategy: A ggressive traders could probe the long side of INTC in the $32-$30 area. Risk to $29.
