Microsoft Weekly Review
Wave Analysis
During the previous week, nothing much happened on the shares of this company. We expected a possible momentum to the upperside, as it looks, we're likely to see a consolidation during this week, before we see a spike even higher. As it is on the 4 hour chart attached, a breakout above 130.70 will mean we're looking for a long term buy order with an ultimate target at 140.63 or even higher. But on the flip side, should price breakout below the cloud formation, we'll expect a bearish rally.
Trade Recommendations:
Wait
Facebook Weekly Review
Wave Analysis
Just as in Microsoft, facebook shares barely moved to our direction during the previous week, we're still holding onto a buyers perspective, as long as the price remains above 182.80, any clear breakout below this level to the lowerside will mean we're looking for long term sell order towards 132.55. On this bullish side, a clear rise beyond 199.60 will mean we're heading further to the upperside. And even better, should the price breakout above 216.25, then this will offer the best price for buying the shares of this company.
Trade Recommendations:
Wait for buy signals.
Magnit Weekly Review
Wave Analysis
Nothing much happened to the shares of this company during the previous week. As long as the price remains below the cloud formation shown above, we're still holding onto the sellers perspective, the idea is to wait for slight pullbacks to to pick low risk sell orders with an ultimate target at 3000.00. and on the flip side, only a clear ascend above 47775.5 will attract a long term buy order with an ultimate target at 10797.8. and in case the price breaks above this level, then further momentum to the upper side is expected.
Trade Recommendations:
We're short