TECH Buy 27.05.2024 08:31
Microsoft Corp.: wave analysis
Growth is possible.
On the daily chart, the third wave of the higher level 3 formed, a downward correction ended as the fourth wave 4, and the fifth wave 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 a local correction is ending as the wave iv of 5, and the wave v of 5 is developing. If the assumption is correct, the asset will grow to the levels of 460.00–480.80. In this scenario, critical stop loss level is 410.00.
Indicators
Overall recommendation Buy
Overall recommendation Buy
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Buy