Intel Corp.: wave analysis
06 April 2018, 09:37
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 50.40 |
| Take Profit | 57.00, 59.00 |
| Stop Loss | 48.20 |
| Key Levels | 42.06, 47.16, 57.00, 59.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 47.10 |
| Take Profit | 42.06 |
| Stop Loss | 48.80 |
| Key Levels | 42.06, 47.16, 57.00, 59.00 |
The price can grow.
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 formation of the downward correction (ii) of v has ended, and the development of the wave (iii) of v begins. If the assumption is correct, the price will grow to the levels of 57.00–59.00. The level of 47.16 is critical for this scenario.
Main scenario
Long positions will become relevant above the level of 47.16 with the targets at 57.00–59.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 47.16 will let the price go down to the level of 42.06.
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 formation of the downward correction (ii) of v has ended, and the development of the wave (iii) of v begins. If the assumption is correct, the price will grow to the levels of 57.00–59.00. The level of 47.16 is critical for this scenario.
Main scenario
Long positions will become relevant above the level of 47.16 with the targets at 57.00–59.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 47.16 will let the price go down to the level of 42.06.
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