Hello everyone. My bullish setup of Microsoft(274-280) worked well in the middle of the massive sell-off. You can refer to the related ideas below for more details.
So, What's next for the price?
Weekly: It's definitely bull trend. I used the ema instead my duo MA system layout. Key structures got respected well.
Daily: There are something I want to cover here.
1. Volume spread analysis(VSA): the low volume combined with 2 tried rules indicate the likelihood of buyers to push the price to new highs.
2. Anchored vwap: I chose two place as the start point where both met around $317. On top of that, 318-323 happens to be the nearest control high & solid rally-base-drop supply zone. What's more, it's also the flip zone. We gotta be open our eyes on this area and how price react to it.
3. ABCD pattern: the wick that went beyond the second redline suggested the overaction created by sellers amid the massive sell-off.
I'm still very bullish on Microsoft. I'm confident that trouble zone won't hold it back. If so, it'll just create another buying opportunities for investors.
What do you think? Give me a like if you're with me.
So, What's next for the price?
Weekly: It's definitely bull trend. I used the ema instead my duo MA system layout. Key structures got respected well.
Daily: There are something I want to cover here.
1. Volume spread analysis(VSA): the low volume combined with 2 tried rules indicate the likelihood of buyers to push the price to new highs.
2. Anchored vwap: I chose two place as the start point where both met around $317. On top of that, 318-323 happens to be the nearest control high & solid rally-base-drop supply zone. What's more, it's also the flip zone. We gotta be open our eyes on this area and how price react to it.
3. ABCD pattern: the wick that went beyond the second redline suggested the overaction created by sellers amid the massive sell-off.
I'm still very bullish on Microsoft. I'm confident that trouble zone won't hold it back. If so, it'll just create another buying opportunities for investors.
What do you think? Give me a like if you're with me.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
plan your trade and trade your plan
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.