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Keep an eye on beaten-down shares of Intel (SYM: INTC). After dropping to $18.51, the tech giant is just starting to pivot higher. It's also just starting to pivot from over-extensions on RSI, MACD and Williams' %R. Last trading at $20.91, if it can break above $22 resistance, it could potentially refill its bearish gap at around $30. 
Helping, the company just announced that it was "awarded up to $3 billion in direct funding under the CHIPS and Science Act for the Secure Enclave program. The program is designed to expand the trusted manufacturing of leading-edge semiconductors for the U.S. government," as noted in a company press release. Intel also announced a multi-year, multi-billion-dollar deal to produce chips for Amazon. "Intel will also create custom Xeon 6 chips using the Intel 3 node for as part of an existing partnership where Intel produces Xeon Scalable processors for Amazon Web Services," reported Seeking Alpha. Did you miss yesterday's Chart of the Day? Click here to view it now.
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