INTC: Need to break the $61.5 line

I initiated a long on INTC a week ago, guess i was too impatient with the lack of action recently.
no regrets, as this position is planned to be a buy-and-hold for few months.

• i like INTC and believe it's one of those value plays - especially with 5G potential - will accumulate if it goes below $56.
  
  
• short-term, i still maintain a 10% upside to the target line. however, no specific price projections would be possible until we break the $61.5 line and a better price structure is clear
  
  
• i claim that the current range is an accumulation rather than distribution given how supply / demand look like and the sentiment (the lower indicators) - and so far support has been holding well - the bulls have been gaining slightly and even shifting the support up slightly.
  

we'll see.