Intel Corp.: wave analysis
20 September 2017, 09:17
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 37.11 |
| Take Profit | 38.45, 40.36 |
| Stop Loss | 36.50 |
| Key Levels | 34.40, 35.90, 38.45, 40.36 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 35.80 |
| Take Profit | 34.40 |
| Stop Loss | 36.40 |
| Key Levels | 34.40, 35.90, 38.45, 40.36 |
The upward trend is in force.
On the chart H4 the fifth wave v of 5 of the higher level is forming. Locally, apparently, the third wave (iii) of the lower level is developing. If the assumption is true, the price increase will continue to the level of 38.45-40.36. The level of 35.90 is critical for this scenario.
Main scenario
Buy during corrections, above the level of 35.90 with a target in the range of 38.45-40.36.
Alternative scenario
Breakdown of the level of 35.90 will allow the asset to continue the decline to the level of 34.40.
On the chart H4 the fifth wave v of 5 of the higher level is forming. Locally, apparently, the third wave (iii) of the lower level is developing. If the assumption is true, the price increase will continue to the level of 38.45-40.36. The level of 35.90 is critical for this scenario.
Main scenario
Buy during corrections, above the level of 35.90 with a target in the range of 38.45-40.36.
Alternative scenario
Breakdown of the level of 35.90 will allow the asset to continue the decline to the level of 34.40.
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