Elliott Wave Technical Analysis: Intel, Oct. 19

Intel Corp. (INTC), Elliott Wave Technical Analysis

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Intel Corp., (INTC:NASDAQ): Daily Chart, October 19 2022, 

INTC Stock Market Analysis: It has been moving lower as predicted in the last forecast. At this point there is a possibility wave {iii} is finished and we could start moving higher into wave {iv}.

INTC Elliott Wave count: wave {iii} of 3.

INTC Technical Indicators: We are below the averages.

INTC Trading Strategy: Looking for further confirmation wave {iv} has started.

TradingLounge Analyst: Alessio Barretta

Intel Corp., INTC: 4-hour Chart, October 19 2022

Intel Corp., Elliott Wave Technical Analysis

INTC Stock Market Analysis: Looking for a move higher in the following session to potentially use the 20EMA as support.

INTC Elliott Wave count: wave {iv}.

INTC Technical Indicators: We have RSI bullish divergence.

INTC Trading Strategy: Looking for wave (a) of {iv} before considering longs.

 


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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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