Four Mag 7 Elliott wave Targets To Buy $AMZN $MSFT $AAPL $TSLA
## Four Mag 7 Elliott Wave Targets to Buy: $AMZN, $MSFT, $AAPL, $TSLA
The Mag 7 stocks — $AMZN (Amazon), $MSFT (Microsoft), $AAPL (Apple), and $TSLA (Tesla) — have consistently captured the attention of investors due to their significant market influence and strong growth potential. Utilizing Elliott Wave Theory, we can identify potential buy targets during their corrective phases, offering strategic entry points for long-term investments.
### Amazon ($AMZN)
**Wave Analysis:**
Amazon completed a significant Wave 3 that took the stock from $119 to $202. Currently, the stock is undergoing a corrective phase, which could be either a Wave 4 or a Wave 2. Wave 4 corrections typically retrace 0.382 of the preceding wave, but Amazon has dropped to $160, indicating a deeper correction.
**Current Status:**
If Amazon is indeed in a Wave 2 correction, a more significant retracement to the 0.618 level is possible. This would target the $145-$150 range as a potential bottom.
**Buy Recommendation:**
Given the deeper correction, I would recommend buying Amazon if it reaches the $145-$150 range. This level represents a strong support area and could provide an excellent entry point for long-term investors looking to capitalize on Amazon’s future growth.
### Microsoft ($MSFT)
**Wave Analysis:**
Microsoft’s Wave 3 was an impressive move from $312 to $467. The stock is currently in a Wave 4 correction. A precise 0.382 retracement of the Wave 3 move would target around $408, which aligns with recent price action.
**Current Status:**
Microsoft fell to as low as $405 intraday on Friday. If the market opens positively on Monday, as anticipated, this level could mark the end of the Wave 4 correction.
**Buy Recommendation:**
Monday’s open presents a good buying opportunity for Microsoft. The $405-$408 range is a strong support level, and a rebound from this area would confirm the completion of the Wave 4 correction, setting the stage for the next upward move.
### Apple ($AAPL)
**Wave Analysis:**
Apple experienced a substantial Wave 3 rally from $125 to $235. Currently, the stock is in a Wave 4 correction phase, which typically retraces 0.382 of the previous wave.
**Current Status:**
A 0.382 retracement of the Wave 3 move would target the $195-$200 range. This range represents a potential bottom for the current corrective phase.
**Buy Recommendation:**
I recommend buying Apple in the $195-$200 range. This area serves as a strong support level and could mark the end of the Wave 4 correction, providing a strategic entry point for long-term investors.
### Tesla ($TSLA)
**Wave Analysis:**
Tesla’s Wave 1 rally took the stock from $140 to $270. The current corrective phase is a Wave 2 retracement, which typically retraces 0.618 of the preceding wave.
**Current Status:**
The 0.618 Fibonacci retracement level targets $195. This level represents a significant support area for Tesla during its Wave 2 correction.
**Buy Recommendation:**
I would recommend buying Tesla at the $195 level. This support zone aligns with the 0.618 retracement level and provides a strategic entry point for long-term investors looking to benefit from Tesla’s continued growth.
### Conclusion
Utilizing Elliott Wave Theory, we can identify potential buy targets during corrective phases for the Mag 7 stocks — $AMZN, $MSFT, $AAPL, and $TSLA. These levels offer strategic entry points for long-term investments, allowing investors to capitalize on the future growth potential of these market leaders.
- **Amazon ($AMZN):** Buy in the $145-$150 range, which represents a strong support area during a deeper Wave 2 correction.
- **Microsoft ($MSFT):** Buy in the $405-$408 range, as this level marks the likely end of the Wave 4 correction.
- **Apple ($AAPL):** Buy in the $195-$200 range, which serves as a strong support level during the Wave 4 correction.
- **Tesla ($TSLA):** Buy at the $195 level, which aligns with the 0.618 retracement of Wave 1 and provides a strategic entry point.
Investors should remain vigilant, considering both technical analysis and broader market conditions when making investment decisions. By identifying these key support levels, traders can strategically position themselves to benefit from the next upward waves in these influential stocks.
