$INTC has certainly passed the first test, it has broken above the resistance level that has been in place since June.
The second big test will be a retest of the line from above, so if we can see a retest at $37.15 and the price holds above this line then we are into the bull case and the targets are above as shown.
This is performing well in spite of $AMD and $TSM feeling some rejection over the last few days, $TSM especially has been struggling and has not confirmed its reversal yet.