TECH Buy 28.06.2024 10:24
Intel Corp.: wave analysis
The price is in a correction and may grow.
On the daily chart, a downward correction of the higher level ended as the second wave (2), within which the wave C of (2) formed, and the third wave (3) started. Now, the first wave of the lower level 1 of (3) has formed, and a local correction is ending as the second wave 2 of (3), within which the wave c of 2 is ending. If the assumption is correct, the asset will grow within the third wave 3 of (3) to the area of 51.10–56.10. In this scenario, critical stop loss level is 24.70.
Indicators
Overall recommendation Wait
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Buy