INTC: Wave 5 Extends – Primary Targets $52-55, Alt Risks Deeper Intel CorporationBATS:INTCpopcornluxPublished: Jan 16, 2026 | Bullish Extension with Caution INTC's breakout above $44.02 (previous truncated Wave 5 high) has invalidated the ABC correction, confirming the larger Wave 5 impulse from the $33 low is extending. The surge to $50.39 signals Wave 3 sub-wave late stage, with Wave 4 shallow pullback expected before Wave 5 completion. Primary Count (Orange Line – Bullish Continuation): - Wave B break over $44.02 invalidates prior truncation. - SubWave (3) of Wave 5 ongoing completed at 50.39. - Current: Wave (4) shallow pullback to $44.5-46 (38.2-50% retrace, cannot breach $44.02). - Wave 5 target: $52-55 (May-Jun 2026, 1.618× extension). Alternative Count (Red Line – Bearish Risk): - If breaks below $44.02: Wave 5 fails, re-labels as Wave 3 completion at $50.39. - Current: Wave 4 deep correction underway. Wave 4 target: $35-38 (61.8% retrace). - Subsequent Wave 5 target: $58-60 (Q3-Q4 2026). Trade Plan: Hold above $44. Add on dips to $44-42. Partial exit at $48-50. Stop below $44. Monitor Q1 earnings for catalyst. Disclaimer: This analysis is for educational purposes only and is not investment advice. Please do your own research (DYOR) before making any trading decisions.