Microsoft Corp.: wave analysis
06 December 2018, 08:28
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 108.58 |
| Take Profit | 120.00, 125.07 |
| Stop Loss | 99.13 |
| Key Levels | 87.10, 99.13, 120.00, 125.07 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 99.10 |
| Take Profit | 87.10 |
| Stop Loss | 103.10 |
| Key Levels | 87.10, 99.13, 120.00, 125.07 |
The price may grow.
On the 4-hour chart, a local correction formed as a fourth wave 4 of the higher level. Now the development of the fifth wave 5 has begun, within which the first wave of the lower level i of 5 has formed. If the assumption is correct, after the end of the local correction ii of 5, the price will grow to the levels of 120.00–125.07. In this scenario, critical stop loss level is 99.13.
Main scenario
Long positions will become relevant after the end of the correction, above the level of 99.13 with the targets at 120.00–125.07. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 99.13 will let the price go down to the level of 87.10.
On the 4-hour chart, a local correction formed as a fourth wave 4 of the higher level. Now the development of the fifth wave 5 has begun, within which the first wave of the lower level i of 5 has formed. If the assumption is correct, after the end of the local correction ii of 5, the price will grow to the levels of 120.00–125.07. In this scenario, critical stop loss level is 99.13.
Main scenario
Long positions will become relevant after the end of the correction, above the level of 99.13 with the targets at 120.00–125.07. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 99.13 will let the price go down to the level of 87.10.
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