Intel: Go for it! 💪 Since the low of wave x in orange, Intel has already shown strong upwards movement and should soon conquer the resistance at $37.11, heading for the compound consisting of the turquoise zone between $41.59 and $43.13 and the orange zone between $42.32 and $43.63. There, the share should complete wave 4 in turquoise and return below $37.11 afterward. However, there is a 34% chance that Intel could shift southwards earlier already and drop below the support at $26.86, triggering further descent below $24.55. In that case, we would consider wave alt.4 to be finished by now.
Intelidea
INTC (INTEL CORP) LONG SET UPintel Corporation is engaged in designing and manufacturing products and technologies, such as the cloud. The Company's segments are Client Computing Group (CCG), Data Center Group (DCG), Internet of Things Group (IOTG), Non-Volatile Memory Solutions Group (NSG), Intel Security Group (ISecG), Programmable Solutions Group (PSG), All Other and New Technology Group (NTG). It delivers computer, networking and communications platforms to a set of customers, including original equipment manufacturers (OEMs), original design manufacturers (ODMs), cloud and communications service providers, as well as industrial, communications and automotive equipment manufacturers. It offers platforms to integrate various components and technologies, including a microprocessor and chipset, a stand-alone System-on-Chip (SoC), or a multichip package. The CCG operating segment includes platforms that integrates in notebook, two in one systems, desktop computers for consumers and businesses, tablets, and phones.
TITLE/(DATE)- BUY INTEL 7/27)
ASSET- INTC
PLATFORM- MT4
ORDER TYPE- BUY
Time Frame- 1D
ENTRY PRICE 1- $49.80 market
ENTRY 2- $44.80 (pending)
STOP LOSS- $39.80 (100 PIPS)
TAKE PROFIT 1- $54.80 (50 PIPS)
TAKE PROFIT 2- $59.80 (100 PIPS)
TAKE PROFIT 3- $64.80 (150 PIPS)
TAKE PROFIT 4- $69.80 (200’PIPS)
STATUS: ACTIVE
LINK TO CHART-