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The Long Investor - $INTC
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$INTC chart has worked out very well here now for us and is in the same set up as $MU and $SNDK and in Wave C now
Like we said on the KOSPI chart, Wave C typically makes a lower low below Wave A and if this plays out as expected then Wave C should drop down into the buy zone below the 0.5 Fib at $80 and test the 50 WMA at $78$INTC hit $141 in June and is on track to retrace -50% and has been perfectly standard since then and following theory.
The buy zone is set in between the two standard fib levels between $65 - $80 and the blue historical support level is here too, I believe this is a good area to start accumulating again
$INTC will be added to the Watchlist soon.
$INTC chart has worked out very well here now for us and is in the same set up as $MU and $SNDK and in Wave C now
Like we said on the KOSPI chart, Wave C typically makes a lower low below Wave A and if this plays out as expected then Wave C should drop down into the buy zone below the 0.5 Fib at $80 and test the 50 WMA at $78$INTC hit $141 in June and is on track to retrace -50% and has been perfectly standard since then and following theory.
The buy zone is set in between the two standard fib levels between $65 - $80 and the blue historical support level is here too, I believe this is a good area to start accumulating again
$INTC will be added to the Watchlist soon.
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