Intel Corp (INTC) is analyzed on a monthly timeframe. The analysis identifies a pennant formation suggesting a potential squeeze. The stock found support around $18.97 and resistance at $27.55 and $25.73. After finding a bottom, the stock rallied to about $27 but was crushed down, finding support at the 18.97 level. The stock has been in a chop range for over a year, starting August 2023. A descending resistance stemming from a $27.55 high and ascending support forming a pennant are noted. Volume has been drying up, and it is expected that the stock will breakout from the range in the next few days. The most probable move is bullish, to $30. Strong support is established at $18.97.