Microsoft Corp.: wave analysis
18 February 2019, 08:39
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 108.19 |
| Take Profit | 116.38, 120.00 |
| Stop Loss | 102.23 |
| Key Levels | 87.50, 94.50, 102.23, 116.38, 120.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 102.20 |
| Take Profit | 94.50, 87.50 |
| Stop Loss | 104.80 |
| Key Levels | 87.50, 94.50, 102.23, 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 began, within which the first entry wave of the lower level i of 5 has formed, and the local correction ii of 5 has ended. 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 102.23.
Main scenario
Long positions will become relevant during the correction, above the level of 102.23 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 102.23 will let the price go down to the levels of 94.50–87.50.
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 began, within which the first entry wave of the lower level i of 5 has formed, and the local correction ii of 5 has ended. 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 102.23.
Main scenario
Long positions will become relevant during the correction, above the level of 102.23 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 102.23 will let the price go down to the levels of 94.50–87.50.
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