MICROSOFT CORP.: WAVE ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY |
| Entry Point | 437.09 |
| Take Profit | 490.00, 518.50 |
| Stop Loss | 404.85 |
| Key Levels | 309.40, 363.80, 404.85, 490.00, 518.50 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 404.80 |
| Take Profit | 363.80, 309.40 |
| Stop Loss | 418.45 |
| Key Levels | 309.40, 363.80, 404.85, 490.00, 518.50 |
The price is in a correction and may grow.
On the daily chart, the fifth wave of the higher level 5 forms, within which the wave (3) of 5 develops. Now, the fifth wave of the lower level 5 of (3) is forming, within which the wave v of 5 is developing. If the assumption is correct, after the local correction as the wave (iv) of v of 5, the asset will grow to the levels of 490.00–518.50. In this scenario, critical stop loss level is 404.85.
Main scenario
Long positions will become relevant above the level of 404.85 with the targets at 490.00–518.50. Implementation period: 7 days and more.
Alternative scenario
A breakout and the consolidation of the price below the level of 404.85 will let the asset go down to the area of 363.80–309.40.
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