BOOM!! Microsoft rises 5.3% Since @haejin's Analysis on April 22

in money •  23 days ago

SUMMARY

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If mutual funds return 3-8% per year; gaining 5.5% in a bit over a month isn't too shabby! For microsoft, the below chart with marked Elliott Waves was posted on April 22nd. While the long term forecast remains the same, today's analysis will focus on the purple waves.

This chart contains on the subwaves of blue 3. These purple waves show that 3 has gone nearly vertical. Is this sustainable? There's gotta be a correction such that purple 4 will likely take place. Would it be a crash scenario? No, just a healthy correction.

Pattern shows a potential for an upward pointing wedge(white lines). This wedge is often a topping process component. Price is likely to roll over into the wave 4 correction which is likey to retrace 0.38 Fib level of the purple 3 length.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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great analysis thanx

Very nice job on this one.

Why would one ever invest in traditional vehicles like mutual funds when you can invest in crypto! It's such a better investment in my opinion. I understand people being risk averse but when you look at the data it's so obvious!

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It's too easy to frame your calls. Perhaps you should set a target date for an update in your initial analysis instead of waiting for the best-looking time to present this. That'll really show what you're made of.

Greatful‼︎

Thanks to brother, it will help a lot to move forward

Microsoft is a company with 90% margin it has a very long way to go

Great work @haejin, this will help alot

Thanks for the sharing ....kudos

Nice call haejin..when everyone on wall street was saying sell it popped again...this is going to be interesting to watch your Equities analysis..cheers friend

It's too easy to frame your calls. Perhaps you should set a target date for an update in your initial analysis instead of waiting for the best-looking time to present this.

thank you for sharing this.

That's really great analysis.. I can use it for next prediction.. Thanks...