AbTrader0

MSFT - riding the dips

NASDAQ:MSFT   Microsoft Corp.

Looking at this daily chart we can clearly see MSFT in an ascending channel, riding the upper BB and well above 20/50 EMA. I've been using calls to play the three dips shown by the solid colored lines all month for 70%, 63% and 48% profit respectively. I will keep watching but looking for a break down somewhere over 100 as there are grumblings about overvaluation here and there so just waiting on the next good dip :-)
Cheers

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