Intel Corp.(INTC:NASDAQ) Elliott Wave Technical Analysis October 28 2022

Intel Corp., Elliott Wave Technical Analysis

Intel Corp., (INTC:NASDAQ): Daily Chart, October 28 2022, 

INTC Stock Market Analysis:Pulling back as predicted in the last forecast. I would attribute ahigher probability to the scenario where we just finished wave (a) of {iv}. Alternatively we hadsome sort of a wave four on a lesser degree.

INTC Elliott Wave count: Wave (a) of {iv}.

INTC Technical Indicators:Rejecting the 20EMA.

INTC Trading Strategy:Waiting confirmation before placing shorts.

TradingLounge Analyst: Alessio Barretta

Source Tradinglounge.com get trial here!

Intel Corp., INTC: 4-hour Chart, October 28 2022

Intel Corp.,Elliott Wave Technical Analysis

INTC Stock Market Analysis: Potentially wave (a) finished, we have equality of {ii} and {iv} at28.7$(orange line) as I expect to find some support as we approach the area of wave b of (a).

INTC Elliott Wave count: Wave a of (b).

INTC Technical Indicators: Below all EMAs

FTNT Trading Strategy:Looking for support off the area of wave b to place short term longs intowave (c). This setup requires confirmation as it is a counter trend approach.

# Technical Analysis

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment67

  • Top
  • Latest
  • Blessedme
    ·2022-10-29
    iintel will be bullish
    Reply
    Report
  • Andie8392
    ·2022-11-03
    thanks for sharing .. good post
    Reply
    Report
  • jethro
    ·2022-10-31
    thanks for the share
    Reply
    Report
  • Cash88
    ·2022-11-02
    ok
    Reply
    Report
  • 56CcLim
    ·2022-11-02
    Ok
    Reply
    Report
  • Momogal
    ·2022-10-31
    Thanks
    Reply
    Report
  • NgKenny
    ·2022-10-31
    Nice
    Reply
    Report
  • JayH
    ·2022-10-30
    Great insight
    Reply
    Report
    Fold Replies
  • eo1668
    ·2022-10-30
    bullish
    Reply
    Report
  • Eynnie
    ·2022-10-30
    👍
    Reply
    Report
  • Joyvb
    ·2022-10-29
    ok
    Reply
    Report
  • Keith Yeow
    ·2022-10-29
    Great
    Reply
    Report
  • Tailwind
    ·2022-10-29
    👌
    Reply
    Report
  • RPGold
    ·2022-10-29
    ok
    Reply
    Report
  • Ed_G
    ·2022-10-29
    Ok
    Reply
    Report
  • Limcc
    ·2022-10-29
    👍
    Reply
    Report
    Fold Replies
    • Tailwind
      👌
      2022-10-29
      Reply
      Report
  • Kabanotolog
    ·2022-10-29
    в бешеный рост
    Reply
    Report
  • 6b40a10
    ·2022-10-28
    ok
    Reply
    Report
  • 大赢钱家
    ·2022-10-28
    不错
    Reply
    Report
  • Nkx
    ·2022-10-28
    Ok
    Reply
    Report