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Rocketman
Apr 18, 2024 7:04 PM

Microsoft: Bat Pattern Retracement and More Long

Microsoft CorporationNASDAQ

Description

Fundamentals:
Microsoft has had a good three-year growth record, but its group is weak, which can drag the stock. Sales have been accelerating recently and earnings meet my criteria. It has good sponsorship. Earnings stability is very healthy.
Earnings is out in seven days.

Technicals:
Bat Pattern Retracement
2023 diagonal trendline
Clear higher highs and higher lows
Backside of a downward tl potential test
76% fib level confluence with all above
Price is testing the cloud
extreme indicators
exDiv1

Comment: I would wait for a green day, but I am already in at the current price.
Trend Target is 460, 550 and 730 by December 2024 (8 months from now).

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