MSFT looks to be breaking the current ascending wedge pattern. Price is breaking down right around the previously estimated breakdown point (white arrows). Yellow support line is exit (or top two gap fills). I am not sure the bottom gap will fill. Price may pause - need to determine further entry after top 2 gaps fill.
After this next MSFT correction, this should be a great long entry position for next leg up.
I am not entered in this position. Updating for others. I am not short on MSFT in general. Current price trend indicates short position (not my personal opinion of MSFT).
Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, and VIXY. Short SPY and AAPL.
Thank you, jBird, for the update. This morning my positions popped back into the money, with a ~30% recovery. Relieved, and excited for this new month of December!
Happy trading!
MoneyPatterns
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@TuParkShakur, Patience my friend! Like fishing. Just got to put a line out with some bait and wait on big tuna :)