Intel Corp.: wave analysis
04 June 2019, 09:48
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 43.43 |
| Take Profit | 49.30, 51.28 |
| Stop Loss | 42.14 |
| Key Levels | 38.00, 42.14, 49.30, 51.28 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 42.10 |
| Take Profit | 38.00 |
| Stop Loss | 43.60 |
| Key Levels | 38.00, 42.14, 49.30, 51.28 |
The price may grow.
On the 4-hour chart, the third wave (3) of the higher level developed, and a downward correction forms as the wave (4). Now, a downward momentum has formed within the wave A of (4), and the development of the upward local correction of the lower level B of (4) has begun. If the assumption is correct, the price will grow to the levels of 49.30–51.28. In this scenario, critical stop loss level is 42.14.
Main scenario
Long positions will become relevant above the level of 42.14 with the targets at 49.30–51.28. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price below the level of 42.14 will let the price go down to the level of 38.00.
On the 4-hour chart, the third wave (3) of the higher level developed, and a downward correction forms as the wave (4). Now, a downward momentum has formed within the wave A of (4), and the development of the upward local correction of the lower level B of (4) has begun. If the assumption is correct, the price will grow to the levels of 49.30–51.28. In this scenario, critical stop loss level is 42.14.
Main scenario
Long positions will become relevant above the level of 42.14 with the targets at 49.30–51.28. Implementation period: 5–7 days.
Alternative scenario
The breakout and the consolidation of the price below the level of 42.14 will let the price go down to the level of 38.00.
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