Intel breaks expectations.
In our previous analysis, we outlined this price increase as an unsustainable move based on a bearish structure, which was a reasonable assumption given the market structure at that time. However, Intel has now invalidated this primary scenario and exceeded many expectations in the market.
The stock has instead validated our secondary scenario, which is more bullish. Under this outlook, Intel has not yet completed its current rally and is likely to move significantly higher from here.
We expect the stock to complete bullish light blue wave 3, followed by a short-term corrective phase in light blue wave 4. After that, we anticipate a final bullish push in light blue wave 5, which would complete the light blue cycle and unfold as green wave 1. This green wave 1 is expected to form a major high.
We expect these movements to occur within our defined price target zone:
- 161.8% at $98.43
- 200% at $112.08
- 261.8% at $134.17
This zone represents the nominal price targets we expect the stock to reach. However, these levels should be viewed as guidelines rather than fixed limits. They are not included in our performance metrics. Given the strong bullish momentum Intel has demonstrated, we consider it likely that the stock could extend even beyond the 261.8% level.
In our previous analysis, we also defined a Fibonacci retracement zone that represented buying opportunities. As soon as a new opportunity emerges — including in the short term — we will adjust this zone and identify new entry points to participate in the trend.
If any structural changes occur, we will update you immediately.
Kind regards,
Monalytics
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