FxPro - Analytics

FxPro

752.75 6.25/10
88% of positive reviews
Real

Intel Wave Analysis – 05 December, 2019

  • Intel falling inside impulse wave (3)
  • Likely to fall to 55.45

Intel under bearish pressure after the earlier downward reversal from the resistance area lying between he resistance level 59,00 (former multi-month high from April) and the upper daily Bollinger Band.

The downward reversal from this resistance area started the active medium-term impulse wave (3).

Intel is expected to fall further toward the next support level 55.45 (low of the previous wave (iv)) – the breakout of which can lead to further losses toward the next support level 53,00.

1575557107


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree