INTEL CORP.: WAVE ANALYSIS

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INTEL CORP.: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point31.10
Take Profit51.10, 56.10
Stop Loss29.65
Key Levels19.35, 24.60, 29.65, 51.10, 56.10
Alternative scenario
RecommendationSELL STOP
Entry Point29.60
Take Profit24.60, 19.35
Stop Loss31.25
Key Levels19.35, 24.60, 29.65, 51.10, 56.10

Growth is possible.

On the daily chart, a downward correction of the higher level ended as the second wave (2), within which the wave C of (2) formed, and the third wave (3) forms. Now, the first wave of the lower level 1 of (3) has formed, a local correction has ended as the second wave 2 of (3), and the third wave 3 of (3) has started, within which the wave i of 1 is developing. If the assumption is correct, the asset will grow to the area of 51.10–56.10. In this scenario, critical stop loss level is 29.60.

INTEL CORP.: WAVE ANALYSIS

INTEL CORP.: WAVE ANALYSIS

Main scenario

Long positions will become relevant above the level of 29.60 with the targets at 51.10–56.10. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 29.60 will let the asset go down to the area of 24.60–19.35.


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