Intel Corp. $INTC has been bearish-neutral in the second half of 2018. It is now trading within a range. The consolidation has been setting up for a month, and it looks like the market is looking for a breakout for the next directional swing.INTC Daily Chart(click to enlarge)Bullish Signs:- INTC is showing some bullish signs. - Price broke above the falling channel resistance.- Price action since August looks like a rounded bottom, setting up for a bullish continuation breakout.- If price does eventually close a week out above $50, we might be looking at a bullish continuation, or at least a test of the $57-$57.50 highs on the year. Bearish Signs:- There are heavier bearish signs though.- The most obvious has to do with the fact that price DID break above key resistance around the 200-day simple moving average and the $50 handle. However, price immediately retreated. This failed bullish breakout can be interpreted as a bearish sign, especially because price was held under the 200-day SMA.- Furthermore, the RSI held under 60, which reflects maintenance of the prevailing bearish momentum.- Now, a break below $46.50 is likely going to open up the $42.50-$44 support area. - This might lead to some capitulation and bearish correction towards the next key support, which is around $38. - Note that the 200-week SMA is right around $38 as well. INTC Weekly Chart(click to enlarge)