More importantly Garfangle, what is the market telling us?
If an individual was to buy on your advice, he would likely take a pounding from sellers in the short term. Unless a buyer has deep pockets, many buyers will throw in the towel. The bears have been calling the shots lately. The bears are likely push down to $15 - $14 before the bulls reply in numbers. The reply from bulls @ that support zone will be important. If bulls fail to hold $15 - $14, the bears will exploit this & drive the market(INTC) lower, however, if bulls hold, that could be our long term bottom.
The fact that bulls failed to (hold)defend $20 recently is a troubling development. Instead of the bulls countering aggressively above $20, the bears countered decisively below $20, that alone does not speak highly of the buyers condition for now, until the buyers regroup lower, the bearish picture is not likely to change.