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06.05.202107:55 Forex Analysis & Reviews: Elliott wave analysis of Microsoft for May 6, 2021

Exchange Rates 06.05.2021 analysis

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.

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Torben Melsted,
Analytical expert of InstaSpot
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