jwjustinwatkins

MSFT Bounce Up Plan on 0.618 Fib & Ancient PLs.

Long
NASDAQ:MSFT   Microsoft Corp.
MSFT has been zone trading the last several months. Several clear Price Lines can be drawn at the 4h chart, and they all echo true at each chart level. Plan to let the coming rejection happen, then buy in just before the 0.618 fib bounce up.

Comments

Result: uncertain. PL 217.81 did in fact hold strong for several days. I say "Stay the course" and follow the plan. At least was correct on the rejection line.
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