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FITINTRADE
Mar 7, 2024 7:35 AM

MSFT - Microsoft - buying idea  Long

Microsoft CorporationNASDAQ

Description

Dear traders,

Id like to share this idea in order to take long positions, basically the price is consolidating after the rally.

390- 400$ is is a good price range to look for buying opportunities. Targeting around 450$.

Additionally RSI is relaxing as it got a very overbought area.

best,
Comments
Jimbo1984
Do you think today is the first sign of breaking away from $400 support back towards resistance?
FITINTRADE
@Jimbo1984, In my opinion, $400 is quite an optimistic figure to break after the rally it has had. I think, the best thing to do is to wait for a 5-10% correction and take advantage. As you see is now, it is actually consolidating but not signal for reversal. I other words, before 400$ breakout i expect a bit of correction and this corretion in starting :). Thanks for your comment
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