Microsoft Corp.: wave analysis
04 January 2018, 08:52
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 86.15 |
| Take Profit | 90.50, 93.00 |
| Stop Loss | 84.70 |
| Key Levels | 79.50, 84.50, 90.50, 93.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 84.40 |
| Take Profit | 79.50 |
| Stop Loss | 86.05 |
| Key Levels | 79.50, 84.50, 90.50, 93.00 |
The trend is upward.
On the 4-hour chart the upward momentum is forming as a third wave iii of 3. Locally the formation of the fifth wave of the lower level (v) of iii has begun, within which the correction as a wave ii of (v) has ended, and the development of the wave iii of (v) is beginning. If the assumption is correct, the price will grow to the levels of 90.50–93.00. The level of 84.50 is critical for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 84.50 with the targets at 90.50–93.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 84.50 will let the price go down to the level of 79.50.
On the 4-hour chart the upward momentum is forming as a third wave iii of 3. Locally the formation of the fifth wave of the lower level (v) of iii has begun, within which the correction as a wave ii of (v) has ended, and the development of the wave iii of (v) is beginning. If the assumption is correct, the price will grow to the levels of 90.50–93.00. The level of 84.50 is critical for this scenario.
Main scenario
Long positions will become relevant during the correction, above the level of 84.50 with the targets at 90.50–93.00.
Alternative scenario
The breakdown and the consolidation of the price below the level of 84.50 will let the price go down to the level of 79.50.
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