Microsoft Corp.: wave analysis
29 March 2018, 10:02
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 89.34 |
| Take Profit | 97.22, 104.00 |
| Stop Loss | 86.70 |
| Key Levels | 83.87, 87.15, 97.22, 104.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 87.10 |
| Take Profit | 83.87 |
| Stop Loss | 88.20 |
| Key Levels | 83.87, 87.15, 97.22, 104.00 |
The growth is expected.
On the 4-hour chart, the upward momentum is forming within the third wave (3) of the higher level. Locally the fifth wave of the lower level v of 5 of (3) is forming, within which the entering momentum (i) has formed, and the downward correction (ii) has ended. If the assumption is correct, the price will grow to the levels of 97.22–104.00. The level of 87.15 is critical for this scenario.
Main scenario
Long positions will become relevant above the level of 87.15 with the targets at 97.22–104.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 87.15 will let the price go down to the level of 83.87.
On the 4-hour chart, the upward momentum is forming within the third wave (3) of the higher level. Locally the fifth wave of the lower level v of 5 of (3) is forming, within which the entering momentum (i) has formed, and the downward correction (ii) has ended. If the assumption is correct, the price will grow to the levels of 97.22–104.00. The level of 87.15 is critical for this scenario.
Main scenario
Long positions will become relevant above the level of 87.15 with the targets at 97.22–104.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 87.15 will let the price go down to the level of 83.87.
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