Microsoft Corp.: wave analysis
14 January 2019, 08:29
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 102.75 |
| Take Profit | 116.38, 120.00 |
| Stop Loss | 93.95 |
| Key Levels | 80.76, 93.95, 116.38, 120.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 93.90 |
| Take Profit | 80.76 |
| Stop Loss | 98.30 |
| Key Levels | 80.76, 93.95, 116.38, 120.00 |
The price may grow.
On the 4-hour chart, a local correction formed as the fourth wave 4 of the higher level. Now the development of the fifth wave 5 has begun, within which the first entry wave of the lower level (i) of i of 5 is forming. If the assumption is correct, the price will grow to the levels of 116.38–120.00. In this scenario, critical stop loss level is 93.95.
Main scenario
Long positions will become relevant during the correction, above the level of 93.95 with the targets at 116.38–120.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 93.95 will let the price go down to the level of 80.76.
On the 4-hour chart, a local correction formed as the fourth wave 4 of the higher level. Now the development of the fifth wave 5 has begun, within which the first entry wave of the lower level (i) of i of 5 is forming. If the assumption is correct, the price will grow to the levels of 116.38–120.00. In this scenario, critical stop loss level is 93.95.
Main scenario
Long positions will become relevant during the correction, above the level of 93.95 with the targets at 116.38–120.00. Implementation period: 7 days and more.
Alternative scenario
The breakdown and the consolidation of the price below the level of 93.95 will let the price go down to the level of 80.76.
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