Microsoft Corp.: wave analysis
06 September 2018, 09:52
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 108.49 |
| Take Profit | 115.00, 119.00 |
| Stop Loss | 105.57 |
| Key Levels | 97.33, 105.57, 115.00, 119.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 105.50 |
| Take Profit | 97.33 |
| Stop Loss | 108.25 |
| Key Levels | 97.33, 105.57, 115.00, 119.00 |
The trend is upward.
On the 4-hour chart, the fifth wave v of 5 forms within the third wave (3) of the higher level. Now the local correction has ended as a wave (iv) of v, and the wave (v) of v I forming, within which the wave i of (v) has formed. If the assumption is correct, after the end of the correction ii of (v) the price will grow to the levels of 115.00–119.00. In this scenario, critical stop loss level is 105.57.
Main scenario
Long positions will become relevant during the correction, above the level of 105.57 with the targets at 115.00–119.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 105.57 will let the price go down to the level of 97.33.
On the 4-hour chart, the fifth wave v of 5 forms within the third wave (3) of the higher level. Now the local correction has ended as a wave (iv) of v, and the wave (v) of v I forming, within which the wave i of (v) has formed. If the assumption is correct, after the end of the correction ii of (v) the price will grow to the levels of 115.00–119.00. In this scenario, critical stop loss level is 105.57.
Main scenario
Long positions will become relevant during the correction, above the level of 105.57 with the targets at 115.00–119.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 105.57 will let the price go down to the level of 97.33.
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