Intel Corp.: wave analysis
13 September 2017, 08:49
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 35.98 |
| Take Profit | 38.45 |
| Stop Loss | 35.15 |
| Key Levels | 33.20, 34.40, 38.45 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 34.30 |
| Take Profit | 33.20 |
| Stop Loss | 34.90 |
| Key Levels | 33.20, 34.40, 38.45 |
The growth of the price is expected.
On the 4-hour chart the fifth wave v of 5 of the higher level is forming. Locally the formation of the third wave (iii) of the lower level, within which the first entering wave i of (iii) has formed, has begun. If the assumption is correct, the price will grow to the level of 38.45 after the end of the correction ii of (iii). The level of 34.40 is critical for this scenario.
Main scenario
Long positions can be opened during the correction, above the level of 34.40 with the target at 38.45.
Alternative scenario
The breakdown and the consolidation of the price below the level of 34.40 will let the price go down to the level of 33.20.
On the 4-hour chart the fifth wave v of 5 of the higher level is forming. Locally the formation of the third wave (iii) of the lower level, within which the first entering wave i of (iii) has formed, has begun. If the assumption is correct, the price will grow to the level of 38.45 after the end of the correction ii of (iii). The level of 34.40 is critical for this scenario.
Main scenario
Long positions can be opened during the correction, above the level of 34.40 with the target at 38.45.
Alternative scenario
The breakdown and the consolidation of the price below the level of 34.40 will let the price go down to the level of 33.20.
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