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Facebook Inc. (FB/NASD): general analysis 06 December 2019, 11:19

Facebook Inc. (FB/NASD): general analysis 06 December 2019, 11:19 Scenario Timeframe Intraday Recommendation SELL STOP ...

Aug 12, 2019

Microsoft Corp.: wave analysis 12 August 2019, 09:59


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 137.79
Take Profit 150.00, 155.00
Stop Loss 130.92
Key Levels 119.11, 126.92, 130.92, 150.00, 155.00
Alternative scenario
Recommendation SELL STOP
Entry Point 130.85
Take Profit 126.92, 119.11
Stop Loss 132.20
Key Levels 119.11, 126.92, 130.92, 150.00, 155.00
The price may grow.
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 is forming, within which the first wave (i) of iii has formed, and the local correction (ii) of iii has ended. If the assumption is correct, the price will grow within the wave (iii) of iii to the levels of 150.00–155.00. In this scenario, critical stop loss level is 130.92.


Main scenario
Long positions will become relevant during the correction, above the level of 130.92 with the targets at 150.00–155.00. Implementation period: 7 days and more.
Alternative scenario
The breakout and the consolidation of the price below the level of 130.92 will let the price go down to the levels of 126.92–119.11.

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