Intel Corp.(INTC:NASDAQ) Elliott Wave Technical Analysis November 22 2022

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Intel Corp., Elliott Wave Technical Analysis

Intel Corp., (INTC:NASDAQ): Daily Chart, November 22 2022, 

INTC Stock Market Analysis: It has been pulling back as expected from the last update. At this point there are reasons to believe the correction might have ended as we touched the parallel trend chanell.

INTC Elliott Wave Count: Wave {iv} of 3.

INTC Technical Indicators:Trying to cross the 20EMA.

INTC Trading Strategy:Looking for confirmation as we could just be in wave (a) of {iv}..

TradingLounge Analyst: Alessio Barretta

 

 

 

 

Intel Corp., INTC: 4-hour Chart, November 22 2022

Intel Corp., Elliott Wave Technical Analysis

INTC Stock Market Analysis: We could have already had wave i and ii of (i). We should the support around 26$ which may correspond to the end of the five waves down into wave (i).

INTC Elliott Wave count: Wave (i) of {v}.

INTC Technical Indicators: We have the averages crossing which is often time a sign of reversal.

INTC Trading Strategy:Looking for short eve if we do not have confirmation yet. An aggressive trade would be a short with a stop above red line at 31.3$.