Intel seems like a good candidate for a buy on the dip strategy especially after last week's price action.INTC Weekly Chart 9/19(click to enlarge)Breakout and bullish engulfing candle:- An examination of the weekly chart reveals that INTC could be done with triangle consolidation that started at the start of 2015 and ended this summer. - After the breakou we saw price anchor above 34.00. - Price edged higher and really took off last week. - We can see that last week's candlestick is a bullish engulfing candle. This suggests continuation and is threatening to break the key resistance around 38.00, which was the high in 2014. Buy on a dip:- Last week's candle made 35.00 a key support pivot. - If we price retreat from 38.00 this week, we can consider buying with a stop under 35.00. - The initial target can be the 40.00 handle.- For now, we should limit the bullish outlook to the 44-45 area, which represent some common highs in 1999 and 2000. - if price dips below 35.00 on the other hand, we should anticipate more bearish correction perhaps towards the middle of the triangle around 32.