Greetings All,
I'm targeting $258 after a healthy retrace of MSFT , based on an eventual retest of resistance (RED line). MSFT could move down further into the bottom of the green channel, but when price is between the 20/50MA or slightly below the 50MA, I use this an opportunity to enter the market if I'm bullish on a stock. I'm bullish on MSFT, based on the bullish divergence (price moved higher; indicator moved lower) on the TTM Squeeze indicator.
Happy Trading!
I'm targeting $258 after a healthy retrace of MSFT , based on an eventual retest of resistance (RED line). MSFT could move down further into the bottom of the green channel, but when price is between the 20/50MA or slightly below the 50MA, I use this an opportunity to enter the market if I'm bullish on a stock. I'm bullish on MSFT, based on the bullish divergence (price moved higher; indicator moved lower) on the TTM Squeeze indicator.
Happy Trading!
