starsora04

MSFT in Consolidation

Long
NASDAQ:MSFT   Microsoft Corp.
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Looks like MSFT will start to consolidate for around the current 240-250 area before taking off again just like back in March.
Time to accumulate shares in the next couple of weeks.
Comment: MSFT is back to the buy zone. Look to add a little bit at around 240-245 near the 50 SMA.

Comments

What’s your opinion now that it gapped up on Friday? Trend back down to area of consolidation or makes a move up?
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starsora04 gustavopicciuto
@gustavopicciuto, Based on what happened before in December and March, there is high probability that it will come back down to the zone again. But if it doesn't, I won't be shocked neither.
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