Intel Bounce Back

INTC took a hammering following the last earnings.

Looking at the chart, the RSI is trending upwards while the price has been relative range-bound, the top of which is the open following said earnings.

A close above this, which I believe is imminent, should open up space to the next fib at ~$26.

I'm in a starter long here but a close above $22.25 will be a full position.

$19 is roughly the liquidation value of the company's assets so seems like a potential floor when considering risk reward