Intel Corp.: wave analysis 14 December 2018, 10:12

Intel Corp.: wave analysis

14 December 2018, 10:12

Scenario
Timeframe	Weekly
Recommendation	BUY
Entry Point	48.29
Take Profit	53.30, 57.40
Stop Loss	43.25
Key Levels	39.34, 42.43, 53.30, 57.40

Alternative scenario
Recommendation	SELL STOP
Entry Point	42.40
Take Profit	39.34
Stop Loss	43.45
Key Levels	39.34, 42.43, 53.30, 57.40

The probability of an increase is strong.
On the 4-hour chart, the downward correction as the fourth wave 4 of the senior level was completed. Locally, apparently, the fifth wave 5 began, within which the first wave of the junior level i of 5 was formed, and the local correction ii of 5 took the form of an irregular plane. If the assumption is correct, the rise in the price will continue to 53.30–57.40. The critical level for this scenario is 42.43.


Main scenario
Long positions will become relevant above the level of 42.43 with a target in the range of 53.30-57.40. Implementation period: 7+ days.
Alternative scenario
A breakdown and consolidation of the price below the level of 42.43 will allow the asset to continue to decline to the level of 39.34.