Main Quotes Calendar Forum
flag

FX.co ★ Elliott wave analysis of Microsoft for May 6, 2021

parent
Forex Analysis:::2021-05-06T05:55:16

Elliott wave analysis of Microsoft for May 6, 2021

Elliott wave analysis of Microsoft for May 6, 2021

Bulls have enjoyed a fantastic run in Microsoft since it bottomed way back in March 2009 at 14.87 and since has rally parabolic to the 423.6% extension target at 266.27 and now is not the time to jump on this rocket as it's about to run out of fuel and see a larger decline towards the 50% corrective target at 140.68.

Short-term a final spike higher to the extension target at 266.27 still could be seen, but this amazing run is close to completion and it's time to abandon the spaceship for a major correction in the coming years.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...