Intel Corp.: wave analysis
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 22.46 |
| Take Profit | 37.25, 51.10 |
| Stop Loss | 17.95 |
| Key Levels | 5.00, 11.00, 17.95, 37.25, 51.10 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 17.90 |
| Take Profit | 11.00, 5.00 |
| Stop Loss | 20.20 |
| Key Levels | 5.00, 11.00, 17.95, 37.25, 51.10 |
Growth is possible.
On the daily chart, a downward correction ended as the second wave of the higher level (2), within which the wave C of (2) formed. Now, the third wave (3) has started, within which the entry first wave of the lower level (i) of i of 1 of (3) has ended, and a correction is developing as the wave (ii) of i of 1 of (3). If the assumption is correct, the asset will grow to the area of 37.25–51.10. In this scenario, critical stop loss level is 17.95.
Main scenario
Long positions will become relevant above the level of 17.95 with the targets at 37.25–51.10. Implementation period: 7 days and more.
Alternative scenario
A breakout and the consolidation of the price below the level of 17.95 will let the asset go down to the area of 11.00–5.00.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.