19.05.2022
#INTC
The descendant wave structure is truncated. The historic level 42.00 formed in 2018 restrains sellers. Awesome Oscillator indicates bullish divergence.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss is below the local minimum of the descendant wave structure (42.00).
Target levels: 46.60; 48.68.
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