INTEL CORP.: WAVE ANALYSIS

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INTEL CORP.: WAVE ANALYSIS
Scenario
TimeframeWeekly
RecommendationBUY
Entry Point35.07
Take Profit51.10, 56.10
Stop Loss32.00
Key Levels24.28, 26.82, 32.00, 51.10, 56.10
Alternative scenario
RecommendationSELL STOP
Entry Point31.95
Take Profit26.82, 24.28
Stop Loss33.72
Key Levels24.28, 26.82, 32.00, 51.10, 56.10

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 third wave (3) started. Now, the first wave of the lower level 1 of (3) is developing, within which the wave iii of 1 has formed, and a local correction is developing as the wave iv of 1. 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 32.00.

INTEL CORP.: WAVE ANALYSIS

INTEL CORP.: WAVE ANALYSIS

Main scenario

Long positions will become relevant above the level of 32.00 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 32.00 will let the asset go down to the area of 26.82–24.28.


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