Microsoft Corp.: wave analysis
12 September 2017, 09:03
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 74.58 |
| Take Profit | 80.00 |
| Stop Loss | 72.80 |
| Key Levels | 68.00, 71.70, 80.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 71.60 |
| Take Profit | 68.00 |
| Stop Loss | 72.80 |
| Key Levels | 68.00, 71.70, 80.00 |
The price is growing.
On the 4-hour chart the upward momentum within the fifth wave 5 of the higher level, within which the fifth wave v of 5 of the lower level is developing, is forming. Locally the third wave (iii) of v is forming. If the assumption is correct, the price will grow to the level of 80.00. The level of 71.70 is critical for this scenario.
Trading tips
Long positions can be opened during the correction, above the level of 71.70 with the target at 80.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 71.70 will let the price go down to the level of 68.00.
On the 4-hour chart the upward momentum within the fifth wave 5 of the higher level, within which the fifth wave v of 5 of the lower level is developing, is forming. Locally the third wave (iii) of v is forming. If the assumption is correct, the price will grow to the level of 80.00. The level of 71.70 is critical for this scenario.
Trading tips
Long positions can be opened during the correction, above the level of 71.70 with the target at 80.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 71.70 will let the price go down to the level of 68.00.
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