[Sector Watch] MSFT, FB, NFLX, KLAC – Short Term Elliott Wave Scenarios

This is a look at a range of HOT technology companies inc. MSFT, FB, NFLX and KLAC..short term scenarios and wave analysis based on what I’m seeing on the 30 day 1 min charts..

MSFT:  Microsoft’s first wave (w1) off the recent low was 52 to 56, and the W2 was 56 to 54 in a Wave 2, if it can break 786 today at 55.35 (real close right now) it would setup a W3 to as high as 60-61 short term..that would be 1-2-3 off the lows..

KLAC: If KLAC’s first wave (w1) moved from 65.4 to  68.4 and W2 was 68.4 to 66.7, the 3rd wave would form if it breaks 786 resistance today at 67.85…a full W3 would travel as high as 71-72 short term if this breakout occurs…

FB: [ms-protect-content id=”61,117″]  FB has a really wild looking double top B before reversal after a short C wave…it needs to break at least 106.6 to prevent a further drop in a C wave and to setup an upward 3.

NFLX: NFLX barely dropped on the recent correction and the 1-2-3 pattern of the ABC flat is still in play..full upward 3 that’s 1.618 x W1 would travel to as high as 155-160 [/ms-protect-content]

 

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