Even dead cats bounce once.

There is the possibility this is setting up a descending triangle (a bearish breakdown pattern) given the slope of the support line.

But... This may in fact be a falling wedge leading right down into strong support (~29.30). If so, the breakout target would be around 31.50. Could turn out to be a nice 1-2 day swing trade. Or who knows, INTC might catch a bid and pull off a nice little countertrend rally. After all, it is pretty beaten up and $30 is a key psychological AND historical support level. My general rule in a downtrend is to only go long on the first touch of strong support.

I'll be watching for a possible entry long with a few shares in my IRA.

God bless!