Intel Corp.: wave analysis
23 July 2019, 09:27
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 51.35 |
| Take Profit | 53.25, 55.00 |
| Stop Loss | 49.85 |
| Key Levels | 42.71, 48.90, 53.25, 55.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 48.85 |
| Take Profit | 42.71 |
| Stop Loss | 50.90 |
| Key Levels | 42.71, 48.90, 53.25, 55.00 |
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, the downward momentum has formed within the wave A of (4), and the upward local correction of the lower level B of (4) is developing, within which the wave c of B is forming. If the assumption is correct, the price will grow to the levels of 53.25–55.00. In this scenario, critical stop loss level is 48.90.
Main scenario
Long positions will become relevant during the correction, above the level of 48.90 with the targets at 53.25–55.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 48.90 will let the price go down to the level of 42.71.
On the 4-hour chart, the third wave (3) of the higher level developed, and a downward correction forms as the wave (4). Now, the downward momentum has formed within the wave A of (4), and the upward local correction of the lower level B of (4) is developing, within which the wave c of B is forming. If the assumption is correct, the price will grow to the levels of 53.25–55.00. In this scenario, critical stop loss level is 48.90.
Main scenario
Long positions will become relevant during the correction, above the level of 48.90 with the targets at 53.25–55.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 48.90 will let the price go down to the level of 42.71.
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