munyaelliott

MICROSOFT CORPORATION (MSFT) MONTHLY LONG

Long
NASDAQ:MSFT   Microsoft Corp.
Well, Microsoft Corporation (MSFT) just made it to the $1 trillion dollar mark. And it happens to be worth more than two times of Belgium's GDP. It also happens to be worth more than Appe and Amazon. What a day for them. Well as an investor, you would not want to buy the tops if there are not signs of a continuation. What's worse is that the price is making a parabolic move, reminiscent of Bitcoin. Well i don't think this is a bubble, or that there will be a sharp retracement, but i do expect some form of retracement and new players can buy after this retracement is finished. If the share price does not retrace, you could look at buying a breakout of a certain price level. Today i am not going deeper into technical analysis, but simply reflecting on this milestone. Toast to the equity market.

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.