Microsoft Corp.: wave analysis
15 July 2019, 09:23
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 138.90 |
| Take Profit | 145.00, 150.00 |
| Stop Loss | 136.80 |
| Key Levels | 116.19, 119.11, 126.77, 145.00, 150.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 126.70 |
| Take Profit | 119.11, 116.19 |
| Stop Loss | 129.25 |
| Key Levels | 116.19, 119.11, 126.77, 145.00, 150.00 |
The trend is upward.
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 forms, within which the development of the first wave (i) of iii is ending. If the assumption is correct, after the end of the correction (ii) of iii the price will grow to the levels of 145.00–150.00. In this scenario, critical stop loss level is 126.77.
Main scenario
Long positions will become relevant after the end of the correction, above the level of 126.77 with the targets at 145.00–150.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 126.77 will let the price go down to the levels of 119.11–116.19.
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 forms, within which the development of the first wave (i) of iii is ending. If the assumption is correct, after the end of the correction (ii) of iii the price will grow to the levels of 145.00–150.00. In this scenario, critical stop loss level is 126.77.
Main scenario
Long positions will become relevant after the end of the correction, above the level of 126.77 with the targets at 145.00–150.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 126.77 will let the price go down to the levels of 119.11–116.19.
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