Intel corporation aiming for 2020 highs

Gregor Horvat Wavetraders

Hello traders,

Intel Corporation (INTC) can be trading in a bullish impulse, up from 2008. We can see completed legs (1), (2), and (3), meaning price activity since the beginning of 2020 can belong to a corrective wave (4). We see sub-wave C of (4) underway, which can look for support at former swing lows, and at Fib. ratio of 50.0 (43.7/42.4 level).

Intel Corporation, weekly

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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