INTC Elliott Wave & Fib Retracement | Week #43

For INTC this week MACD turned positive and stock is above Fib 38.2% as of 10/15/20. High chances that it will close the week by staying above that level. This combines with AMD stock which has almost run out of steam (Check its MACD). There is high likelihood that INTC reaches its 50 Day MA next week (10/19/20 - 10/23/20) and also touch Feb 50% which might conclude the 3rd leg of Elliott Wave which started in week of Aug 3rd. Core Retail Sales & Retails Sales number are due tomorrow (10/16/20). If these numbers are better than expected it will support the positive move in the stock. Intel currently dominates laptop market with wide variety of laptops to choose from. This means there is 3% ~ 5% upside from closing price of 10/15/20. (This is a weekly chart)
(This analysis is just my point of view. Trading involves risk. Do your own research before trading)

https://drive.google.com/file/d/10edo0Kbub3-tXXiR5Q6rfNLGLkRufEDC/view?usp=sharing