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

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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

 

 

 

 

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.