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chiefwils0n
Apr 26, 2021 2:48 AM

Bearish Divergence. Short to $245 Short

Microsoft CorporationNASDAQ

Description

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!

Trade closed: target reached

$245 Target reached.
Comments
AndreaSanders
Awesome!
woposey2002
You were spot on right after the closing bell. I have more to learn
oerboom
@woposey2002, The 4% drop at 4:01pm today was because of earnings
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