$INTC is in Ascending Triangle pattern. This Monthly chart shows the accumulation for last 27 months. It is evident in the chart that 38.54 price level has served as strong resistance in the past as well. It went above this price level only once and that was in 1999 2001com bubble) . Sure enough, it slid back down under 38.54 level with the same speed that it went up with. See the circle.

Here is a daily chart with price targets- If, only if, it can breakout above the iron ceiling i.e. strong resistance at price of 38.54.