FaceBook Weekly Review:
Wave Analysis
During the previous week, the shares of this company plunged but failed to successfully close below the cloud marked above. Currently, there's no clear direction, But in case another bullish cloud form on the 4 hour chart during this week, we expect a possible rise in value, with the next ideal target being 216.25. Risk takers can pick buy orders now, expecting then price to rise towards 216.25, but should price end up closing below 177.25, then we'll look for long term sell orders towards 138.00.
Trade Recommendations:
You can facebook shares now with your take profit at 210.70.
Microsoft Weekly Review
Wave Analysis
The close of the previous week, saw the shares of this company decline steeply, only to gain value on the last day. As long as the price is contained above the cloud indicated above, we expect a possible gain in momentum to the upperside. The idea is to wait for pullbacks back to the previous week's lowest low to pick low risk buy orders towards 130.70. If you're a bit skeptic to pick this buy order, you could wait and buy a break above 130.70 towards 140.00 or even higher. Risk takers can pick buy orders now, with their target at 130.70.
Trade Recommendations:
Buy the shares of this company towards 130.70.
Magnit Weekly review
Wave Analysis
Magnit is currently trading with an increasing bearish bias. As long as the price remains below the bearish cloud seen above, we expect a possible momentum further to the lowerside with the next ideal target being 3092.5. If you're not holding onto short positions at the momentum, you can wait for a break below this year's lowest low to pick a low risk sell order. As it is on the weekly chart, even with a breakout above this cloud may not mean we're looking for a buy, such a move requires a confirmation that we're upwards.
Trade Recommendation:
Sell a break below this years lowest low
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