INTEL CORP.: WAVE ANALYSIS

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INTEL CORP.: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point30.50
Take Profit51.10, 56.10
Stop Loss24.55
Key Levels12.00, 19.35, 24.55, 51.10, 56.10
Alternative scenario
RecommendationSELL STOP
Entry Point24.50
Take Profit19.35, 12.00
Stop Loss26.20
Key Levels12.00, 19.35, 24.55, 51.10, 56.10

The price is in a correction and may grow.

On the daily chart, a downward correction of the higher level formed as the second wave (2), within which the wave C of (2) formed, and the third wave (3) started. Now, the first wave of the lower level 1 of (3) has formed, and a local correction is ending as the second wave 2 of (3), within which the wave c of 2 is ending. 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 24.55.

INTEL CORP.: WAVE ANALYSIS

INTEL CORP.: WAVE ANALYSIS

Main scenario

Long positions will become relevant above the level of 24.55 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 24.55 will let the asset go down to the area of 19.35–12.00.


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