Intel Corp.: wave analysis
07 September 2018, 09:40
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 47.24 |
| Take Profit | 51.91 |
| Stop Loss | 46.23 |
| Key Levels | 42.80, 46.23, 51.91 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 46.20 |
| Take Profit | 42.80 |
| Stop Loss | 47.35 |
| Key Levels | 42.80, 46.23, 51.91 |
The price can grow.
On the 4-hour chart, the downward correction develops as a fourth wave 4 of the higher level. Locally the wave a of 4 has formed as a wedge, and the upward correction of the lower level b of 4 is developing. If the assumption is correct, the price will grow to the level of 51.91. In this scenario, critical stop loss level is 46.23.
Main scenario
Long positions will become relevant above the level of 46.23 with the target at 51.91. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 46.23 will let the price go down to the level of 42.80.
On the 4-hour chart, the downward correction develops as a fourth wave 4 of the higher level. Locally the wave a of 4 has formed as a wedge, and the upward correction of the lower level b of 4 is developing. If the assumption is correct, the price will grow to the level of 51.91. In this scenario, critical stop loss level is 46.23.
Main scenario
Long positions will become relevant above the level of 46.23 with the target at 51.91. Implementation period: 5–7 days.
Alternative scenario
The breakdown and the consolidation of the price below the level of 46.23 will let the price go down to the level of 42.80.
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