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ContraryTrader
Mar 22, 2024 12:06 AM

Msft Short

Microsoft CorporationNASDAQ

Description

Major rising wedge here for the biggest stock on the market...

In the scenario where this breaks wedge support and starts to correct the target would be 363 or the 200ma



Until we can play the wedge!
Price closed outside daily bollingerbands and hourly moneyflow is saying a 3-5% pullback is coming
My target here is 415, look for any pullback near trendline or 433.. stop loss with a close above 435


Comment

XLK daily sector.
Same rising wedge setup here. Nasty correction incoming for big tech before mid April
Comments
TraderAmin-KZ
or maybe a rising channel 🤔
ContraryTrader
@TraderAmin-KZ If it closes above 435 then this wedge is negated. so we will see !
Luck264
The rally just started. 445 is my target
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