Categories: Technical analysis

Intel Wave Analysis – 03 January, 2020

  • Intel broke long-term resistance level 59.00
  • Likely to rise to 63.00

Intel recently broke the multi-month resistance level 59.00 (which has been steadily reversing the price from last April, as can be seen below).

The breakout of the resistance level 59.00 accelerated the active short-term impulse wave 5 of the medium-term impulse wave (5) from August.

Intel is likely to rise further toward the next resistance level 63,00 (target for the completion of the active impulse wave (5)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: INTC

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