Intel Corp.: wave analysis
10 December 2019, 09:47
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 56.53 |
| Take Profit | 61.50, 65.00 |
| Stop Loss | 55.65 |
| Key Levels | 50.85, 52.42, 55.65, 61.50, 65.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 55.60 |
| Take Profit | 52.42, 50.85 |
| Stop Loss | 56.70 |
| Key Levels | 50.85, 52.42, 55.65, 61.50, 65.00 |
The price may grow.
On the 4-hour chart, the fifth wave of the higher level 5 of (3) develops. Now, the upward momentum is forming as the third wave of the lower level iii of 5 of (3), within which the wave (iii) of iii has formed, and a local correction has developed as the wave (iv) of iii. If the assumption is correct, the price will grow to the levels of 61.50–65.00. In this scenario, critical stop loss level is 55.65.
Main scenario
Long positions will become relevant during the correction, above the level of 55.65 with the targets at 61.50–65.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 55.65 will let the price go down to the levels of 52.42–50.85.
On the 4-hour chart, the fifth wave of the higher level 5 of (3) develops. Now, the upward momentum is forming as the third wave of the lower level iii of 5 of (3), within which the wave (iii) of iii has formed, and a local correction has developed as the wave (iv) of iii. If the assumption is correct, the price will grow to the levels of 61.50–65.00. In this scenario, critical stop loss level is 55.65.
Main scenario
Long positions will become relevant during the correction, above the level of 55.65 with the targets at 61.50–65.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 55.65 will let the price go down to the levels of 52.42–50.85.
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