Intel Corp.: wave analysis
30 March 2018, 09:35
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 51.90 |
| Take Profit | 57.00, 59.00 |
| Stop Loss | 50.20 |
| Key Levels | 46.43, 47.75, 49.00, 57.00, 59.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 48.90 |
| Take Profit | 47.75, 46.43 |
| Stop Loss | 49.50 |
| Key Levels | 46.43, 47.75, 49.00, 57.00, 59.00 |
The trend is upward.
On the 4-hour chart, the upward momentum is forming within the third wave 3 of the higher level. Locally the fifth wave v of 3 is developing, within which the first wave of the lower level (i) of v has formed as a momentum, and the downward correction (ii) of v has formed. If the assumption is correct, the price will grow to the levels of 57.00–59.00. The level of 49.00 is critical for this scenario.
Main scenario
Long positions will become relevant above the level of 49.00 with the targets at 57.00–59.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 49.00 will let the price go down to the levels of 47.75–46.43.
On the 4-hour chart, the upward momentum is forming within the third wave 3 of the higher level. Locally the fifth wave v of 3 is developing, within which the first wave of the lower level (i) of v has formed as a momentum, and the downward correction (ii) of v has formed. If the assumption is correct, the price will grow to the levels of 57.00–59.00. The level of 49.00 is critical for this scenario.
Main scenario
Long positions will become relevant above the level of 49.00 with the targets at 57.00–59.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 49.00 will let the price go down to the levels of 47.75–46.43.
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