Trading idea for Intel Corp. (NASDAQ)

Intel Corp. (NASDAQ)

#INTC

The trend is upward. The downward wave structure is truncated. The Awesome Oscillator shows a bullish divergence, and the Stochastic Oscillator lines have exited the oversold zone. The stock is trading within the range defined by the 365 EMA and 135 EMA.

Trading idea:

Enter a long position upon the formation of an upward wave structure, where wave (A) breaks through the trendline of the truncated downward structure.

Place a stop-loss order below the local low of the truncated downward structure.

Target levels: 106.50; 115.00.