Growth is possible.

On the daily chart, a downward correction of the higher level ended as the second wave (2), within which the wave C of (2) formed, and the third wave (3) started. Now, the first wave of the lower level 1 of (3) has ended, and a local correction has formed as the second wave 2 of (3). If the assumption is correct, the asset will grow within the third wave 3 of (3) to the area of 51.10–56.10. In this scenario, critical stop loss level is 29.40.

Shares of Intel Corp., a giant in the development and sale of electronic devices and computer components, are trading in a corrective trend at 30.00.