Description
⋅ This may be a long or short opportunity depending how you play it.
Miscrosoft (MSFT) one of th FAAMG stocks has recently recovered nearly 80% of its February high.
On a hourly basis a Butterfly Pattern is developing where point C may have been put in,
and we are looking for a Point D which is an 1.27-1,41 extention area. This also happens to point to a gap
going back early April.
One might sell short here (or sell a long position) and cover ( or reestablish the long poition) where indicated,
or wait for a break of point B. Cover should be around the 186+ area.
Be aware that earnings come out April 29th before the market opens, so expect some volatility ahead.
Just an idea of mine.
S.