TECH Buy 18.03.2024 08:18
Microsoft Corp.: wave analysis
Growth is possible.
On the daily chart, the third wave of the higher level 3 ended, a downward correction formed as the fourth wave 4, and the fifth wave 5 develops, within which the wave (3) of 5 forms. Now, the fifth wave of the lower level 5 of (3) is developing. If the assumption is correct, the asset will grow to the levels of 450.00–480.80. In this scenario, critical stop loss level is 395.80.
Indicators
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Wait
Overall recommendation Sell
Overall recommendation Sell
Overall recommendation Wait
Overall recommendation Buy