SUMMARY
MIcrosoft (MSFT) went sideways for 8 years; from 2002 to 2010. It was a very long consolidation phase but very healthy. The below chart shows a long term chart of MSFT and the behemoth is currently in the midst of a wave 3 up and that's bullish.
Wave 5 is targeted for $235 or so and likely higher if extended. The subwaves of white 3 and blue 3 show a steep ascent angle and that's because of the nature of wave 3. When MSFT has corrections; they would represent attractive Buy The Freacken Dip (BTFD) opportunities!
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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
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Essay: Is Technical Analysis a Quantum Event?
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