INTC: Is selling going to get more intense?

As NVDA is eating all its competitor's lunches, INTC seems to be the one left far behind than the others. It has a lot of work to do, and the playing field is only getting rougher with tariffs, reduced demand and increased costs. Once a PC powerhouse, is now the producers of the lowest performing chips with higher prices and no one seems to want; unless heavily discounted. So, until something changes fundamentally, the technicals will look pretty grim. As long as the price action cannot break above $39, the recent bounce can look like a 1/2, 1/2 setup to the downside for a larger wave 3, 4 and 5 to ensue. Only above $39, we can say the $18.5 low was the completion of cycle wave 2 and INTC might be entering a new golden age of cycle wave 3. But, for that, the fundamentals will need to back up the technicals. For now, the fib targets and the POC on volume profile pointing at single digit price.