Microsoft Corp.: wave analysis
10 June 2019, 09:26
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 131.40 |
| Take Profit | 140.00, 145.00 |
| Stop Loss | 128.40 |
| Key Levels | 108.67, 113.23, 119.19, 140.00, 145.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 119.10 |
| Take Profit | 113.23, 108.67 |
| Stop Loss | 121.10 |
| Key Levels | 108.67, 113.23, 119.19, 140.00, 145.00 |
The growth of the price resumed.
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, the local correction iv of 5 has developed, and the formation of the wave v of 5 has begun. If the assumption is correct, the price will grow to the levels of 140.00–145.00. In this scenario, critical stop loss level is 119.19.
Main scenario
Long positions will become relevant during the correction, above the level of 119.19 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 119.19 will let the price go down to the levels of 113.23–108.67.
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, the local correction iv of 5 has developed, and the formation of the wave v of 5 has begun. If the assumption is correct, the price will grow to the levels of 140.00–145.00. In this scenario, critical stop loss level is 119.19.
Main scenario
Long positions will become relevant during the correction, above the level of 119.19 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 119.19 will let the price go down to the levels of 113.23–108.67.
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