Monday, October 3, 2022 7:20 AM EST
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Intel Corp., Elliott Wave Technical Analysis
Intel Corp., (INTC:NASDAQ): Daily Chart, October 3 2022,
INTC Stock Market Analysis: We are in wave C part of a huge wave 2. I will be looking for shorts only.
INTC Elliott Wave count: (C) of {2}.
INTC Technical Indicators:All indicators are signaling bearish momentum.
INTC Trading Strategy: Looking to short any three wave upside pullback.
TradingLounge Analyst: Alessio Barretta
Source Tradinglounge.com
Intel Corp., INTC: 4-hour Chart, October 3 2022
Intel Corp., Elliott Wave Technical Analysis
INTC Stock Market Analysis: A textbook acceleration within a nest of waves threes. Looking formuch more downside to come.
INTC Elliott Wave count: iii of (v).
INTC Technical Indicators:All indicator are bearish, however we are starting to form RSI divergence which could indicate we are preparing for a slightly larger pullback.
INTC Trading Strategy: Looking to short any three wave upside pullback.
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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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