As we begin a new month and new week, Intel Corp $INTC broke above a key resistance, barely. Will this open up a bullish continuation run? or will bears keep the consolidation mode going.INTC Daily Chart(click to enlarge)Resistance Just under $50:- As we can see on the daily chart, there has been a common resistance right under $50, around $49.60 area. - We can go back to August to see this resistance, but we can also saw it in the recent weeks in November. - As we begin December, price broke above this resistance, but is still struggling to climb above $50.- Indeed, we can see sellers at the $50 level, coincident with the 200-day simple moving average (SMA) - not a surprise.- Furthermore, the RSI is holding at 60. If it turns down from here, it reflects a market that is still maintaining its prevailing bearish momentum (established during the June-November falling channel). Bearish Scenario:- At this point, a break below $47.60 would reflect a false bullish breakout, and might translate into further bearish correction. - Below $47.60, we can look for a return towards the $43 area. Bullish Continuation Scenario:- However, if price can clear $50 this week and stay above it, we might be looking at a bullish continuation.- The thing is, there is a lot of market risk right now, so we will have to limit the bullish outlook until general risk appetite returns. - So, I would not look for a bullish continuation to extend beyond the 2018-high around $57.50.- We will want to see price anchor above $50, and maybe bounce off it a couple of times to gain confidence for a bullish scenario above $57.50.