INTEL CORP.: TECHNICAL ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 44.90 |
| Take Profit | 48.00 |
| Stop Loss | 43.50 |
| Key Levels | 40.00, 43.00, 43.50, 44.00, 48.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 43.00 |
| Take Profit | 40.00 |
| Stop Loss | 44.00 |
| Key Levels | 40.00, 43.00, 43.50, 44.00, 48.00 |
Shares of Intel Corp., a giant in the development and sale of electronic devices and computer components, are trading at 44.00.
On the daily chart, the price is moving in a corrective trend, holding above the Neckline of the Head and shoulders reversal pattern at 43.00.
On the four-hour chart, the probability of continuation of positive dynamics is high since the quotes form an upward wave within the Expanding formation pattern, tending to its upper limit of 48.00. If the asset declines below the Neckline of the global Head and shoulders pattern at 43.00, it may reach 40.00.
Technical indicators are weakening the sell signal: the EMA fluctuation range on the Alligator indicator is narrowing, and the AO histogram is forming corrective bars, approaching the transition level.
Trading tips
Long positions may be opened after the price rises and consolidates above 44.90, with the target at 48.00. Stop loss – 43.50. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 43.00, with the target at 40.00 and stop loss 44.00.
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