Microsoft (MSFT) should remain supported [Video]

Elliott Wave Forecast Team ElliottWave-Forecast.com

Short term Elliott Wave View in Microsoft (MSFT) suggests rally from 12.15.2023 low is unfolding as a 5 waves impulse. Up from 12.15.2023 low, wave ((i)) ended at 376.94 and dips in wave ((ii)) ended at 366.50 as the 1 hour chart below shows. Internal subdivision of wave ((ii)) unfolded as a zigzag structure. Down from wave ((i)), wave (a) ended at 366.77 and rally in wave (b) ended at 373.26. Wave (c) lower ended at 366.43 which completed wave ((ii)).

The stock resumed higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at 375.20 and dips in wave (ii) ended at 371.19. Wave (iii) higher ended at 390.68 and pullback in wave (iv) ended at 380.38. Final leg wave (v) higher ended at 394.03 which completed wave ((iii)). The stock then pullback in wave ((iv)) as a zigzag structure. Down from wave ((iii)), wave (a) ended at 387.62 and wave (b) ended at 391.30.

Microsoft (MSFT) 60 minutes Elliott Wave chart

Wave (c) lower ended at 384.81 which completed wave ((iv)). The stock resumes higher in wave ((v)) with internal subdivision as a 5 waves. Up from wave ((iv)), wave (i) ended at 390.11 and wave (ii) ended at 387.05. Wave (iii) higher ended at 394.32 and pullback in wave (iv) ended at 389.85. Expect the stock to complete wave (v) soon which should complete wave ((v)) of 5 of (3) in higher degree. Afterwards, it should do larger pullback in wave (4) in 3, 7, or 11 swing before it resumes higher.

MSFT Elliott Wave video

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Elliott Wave Forecast Team

ElliottWave-Forecast.com

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