Intel Corp.: wave analysis
19 February 2019, 08:27
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 51.64 |
| Take Profit | 53.30, 57.40 |
| Stop Loss | 50.15 |
| Key Levels | 43.53, 47.84, 53.30, 57.40 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 47.80 |
| Take Profit | 43.53 |
| Stop Loss | 49.25 |
| Key Levels | 43.53, 47.84, 53.30, 57.40 |
The price may grow.
On the 4-hour chart, a downward correction developed as the fourth wave 4 of (3) of the higher level. Locally the formation of the fifth wave 5 of (3) has begun, within which the local correction ii of 5 has developed, and the wave iii of 5 is forming. If the assumption is correct, the price will grow to the levels of 53.30–57.40. In this scenario, critical stop loss level is 47.84.
Main scenario
Long positions will become relevant during the correction, above the level of 47.84 with the targets at 53.30–57.40. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 47.84 will let the price go down to the level of 43.53.
On the 4-hour chart, a downward correction developed as the fourth wave 4 of (3) of the higher level. Locally the formation of the fifth wave 5 of (3) has begun, within which the local correction ii of 5 has developed, and the wave iii of 5 is forming. If the assumption is correct, the price will grow to the levels of 53.30–57.40. In this scenario, critical stop loss level is 47.84.
Main scenario
Long positions will become relevant during the correction, above the level of 47.84 with the targets at 53.30–57.40. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 47.84 will let the price go down to the level of 43.53.
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