Microsoft Corp.: wave analysis
27 May 2019, 09:03Scenario | |
---|---|
Timeframe | Weekly |
Recommendation | BUY |
Entry Point | 126.00 |
Take Profit | 140.00, 145.00 |
Stop Loss | 123.25 |
Key Levels | 108.58, 115.52, 123.25, 140.00, 145.00 |
Alternative scenario | |
---|---|
Recommendation | SELL STOP |
Entry Point | 123.20 |
Take Profit | 115.52, 108.58 |
Stop Loss | 125.80 |
Key Levels | 108.58, 115.52, 123.25, 140.00, 145.00 |
The price may grow.
On the 4-hour chart, the fifth wave 5 of (3) of the higher level develops. Now, the third wave of the lower level iii of 5 has formed, and the local correction iv of 5 has ended. If the assumption is correct, the price will grow within the wave v of 5 to the levels of 140.00–145.00. In this scenario, critical stop loss level is 123.25.
Main scenario
Long positions will become relevant during the correction, above the level of 123.25 with the targets at 140.00–145.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 123.25 will let the price go down to the levels of 115.52–108.58.
On the 4-hour chart, the fifth wave 5 of (3) of the higher level develops. Now, the third wave of the lower level iii of 5 has formed, and the local correction iv of 5 has ended. If the assumption is correct, the price will grow within the wave v of 5 to the levels of 140.00–145.00. In this scenario, critical stop loss level is 123.25.
Main scenario
Long positions will become relevant during the correction, above the level of 123.25 with the targets at 140.00–145.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 123.25 will let the price go down to the levels of 115.52–108.58.
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