Intel Corp.(INTC:NASDAQ) Elliott Wave Technical Analysis December 21 2022

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Intel Corp., Elliott Wave Technical Analysis

Intel Corp., (INTC:NASDAQ): Daily Chart, December 21 2022, 

INTC Stock Market Analysis: Price has been moving as expected, almost a textbook scenario. Webounced off the parallel channel and we are now extending lower. Looking for wave {iii} to bebroker as wave {iv} seems to be finished.

INTC Elliott Wave Count: Wave (iii) of {v}.

INTC Technical Indicators:Below all averages.

INTC Trading Strategy:Looking for shorts into wave (v).

TradingLounge Analyst: Alessio Barretta

 

 

 

 

Intel Corp., INTC:4-hour Chart, December 21 2022

Intel Corp., Elliott Wave Technical Analysis

INTC Stock Market Analysis:WE can see how it is accelerating to the downside as we are inwave iii of (iii) which confirms the overall count. Looking for a pullback in wave iv soon.

INTC Elliott Wave count: Wave iii of (iii).

INTC Technical Indicators: Below all averages.

INTC Trading Strategy:Looking for shorts into wave v on the pullback in iv. We could get waveiv trying to look for resistance on the 20EMA.