INTC, Z updates 6/29

INTC: Counts best as now in intermediate-c of major-a of primary-II.  Ideal target for intermediate-c : $32.25-$31.75 as that’s the 1.382 to 1.618x Fib-extension of intermediate-a. After that a bounce back to $34.75, which was clearly prior support and thus now resistance.

intc

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Z: Counts best as now in intermediate-v of major 5. Intermediate-iii reached perfectly the ideal wave-iii target zone (red box) and reversed from there. Classic. Intermediate-iv should now find support in the 23.6-38.2% retrace area: $47-$44. Strong stock IMHO and dips like these should be bought with of course always prudent stops in place.z