Intel Corp.: wave analysis
11 May 2018, 09:46
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 54.98 |
| Take Profit | 57.00, 59.00 |
| Stop Loss | 52.95 |
| Key Levels | 42.03, 51.14, 57.00, 59.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 51.10 |
| Take Profit | 42.03 |
| Stop Loss | 54.15 |
| Key Levels | 42.03, 51.14, 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 correctional fourth wave of the lower level (iv) of v has ended. If the assumption is correct, the price will grow to the levels of 57.00–59.00.
Main scenario
Long positions will become relevant during the correction, above the level of 51.14 with the targets at 57.00–59.00. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 51.14 will let the price go down to the level of 42.03.
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 correctional fourth wave of the lower level (iv) of v has ended. If the assumption is correct, the price will grow to the levels of 57.00–59.00.
Main scenario
Long positions will become relevant during the correction, above the level of 51.14 with the targets at 57.00–59.00. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 51.14 will let the price go down to the level of 42.03.
No comments:
Write comments