Microsoft Corp.: wave analysis
16 August 2018, 09:57
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 107.56 |
| Take Profit | 119.00 |
| Stop Loss | 104.63 |
| Key Levels | 97.33, 104.63, 119.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 104.55 |
| Take Profit | 97.33 |
| Stop Loss | 106.95 |
| Key Levels | 97.33, 104.63, 119.00 |
The trend is upward.
On the 4-hour chart, the fifth wave v of 5 within forms the third wave (3) of the higher level. Now the third wave of the lower level (iii) of v has developed, and the local correction is forming as a wave (iv) of v. If the assumption is correct, after the end of the correction the price will grow to the level of 119.00. The level of 104.63 is critical and stop loss for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 104.63 with the target at 119.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 104.63 will let the price go down to the level of 97.33.
On the 4-hour chart, the fifth wave v of 5 within forms the third wave (3) of the higher level. Now the third wave of the lower level (iii) of v has developed, and the local correction is forming as a wave (iv) of v. If the assumption is correct, after the end of the correction the price will grow to the level of 119.00. The level of 104.63 is critical and stop loss for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 104.63 with the target at 119.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 104.63 will let the price go down to the level of 97.33.
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