$INTC for the second time in 3 months has broken out of this ascending triangle formation which has been a torn in the side for bulls since June.
But what they need to see now is the price finding support above this level now at $37.10, bulls will need to see a firm retest and confirmation of support to feel like they have it now to go higher.
This line has been so important over the last 5 months.
Making a new high above $40 will also be confirmation that the worst is behind $INTC and it can finally go higher to the First and Second Targets at $42 and $50.
$AMD is still my first choice right now in the Semi sector.