It has been a great run from 240 to 280 for the last 3 months. It continues to be a good hold for long-term investors, and that will continue into the end of the year.
I see two possible pullback scenarios in the upcoming month.
1) Consolidation or Side way action between 270 and 290 for the next 2 months until the next earnings and then take off beyond 300.
2) A deeper pullback to 260 to 265 and then take off again beyond 300.
I will wait for the pull back to add position into MSFT.
I see two possible pullback scenarios in the upcoming month.
1) Consolidation or Side way action between 270 and 290 for the next 2 months until the next earnings and then take off beyond 300.
2) A deeper pullback to 260 to 265 and then take off again beyond 300.
I will wait for the pull back to add position into MSFT.
Comment:
If MSFT indeed pull back, we would see the SPY and QQQ pull back also.