Greetings All,
I'm targeting $245 on a healthy retrace of MSFT, simply based on the principle of mean reversion. In other words, MSFT will revisit the 20/50 MA or the middle of the linear channel. Also, I notice hidden bearish divergence on the MACD and Momentum indicators.
Happy Trading!
I'm targeting $245 on a healthy retrace of MSFT, simply based on the principle of mean reversion. In other words, MSFT will revisit the 20/50 MA or the middle of the linear channel. Also, I notice hidden bearish divergence on the MACD and Momentum indicators.
Happy Trading!
Trade closed: target reached:
$245 Target reached.
