By
Peter Mathers
of
Trading Lounge
Wednesday, October 19, 2022 7:15 AM EST
Intel Corp. (INTC), Elliott Wave Technical Analysis
Pixabay
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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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 trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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