INTEL CORP.: WAVE ANALYSIS

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INTEL CORP.: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point34.65
Take Profit40.40, 45.00
Stop Loss30.72
Key Levels24.60, 26.75, 30.72, 40.40, 45.00
Alternative scenario
RecommendationSELL STOP
Entry Point30.70
Take Profit26.75, 24.60
Stop Loss32.00
Key Levels24.60, 26.75, 30.72, 40.40, 45.00

The price is in a correction and may grow.

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 development of the third wave (3) started. Now, the first wave of the lower level i of 1 of (3) has ended, and a local correction is forming as the second wave ii of 1 of (3). If the assumption is correct, the asset will grow to the area of 40.40–45.00. In this scenario, critical stop loss level is 30.72.

INTEL CORP.: WAVE ANALYSIS

INTEL CORP.: WAVE ANALYSIS

Main scenario

Long positions will become relevant above the level of 30.72 with the targets at 40.40–45.00. Implementation period: 7 days and more.

Alternative scenario

A breakout and the consolidation of the price below the level of 30.72 will let the asset go down to the area of 26.75–24.60.

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