vf_investment

MSFT Short position

Short
NASDAQ:MSFT   Microsoft Corp.
Microsoft Corporation is an American multinational technology corporation which produces computer software, consumer electronics, personal computers, and related services.

From mid-May, we can see an increasing trend of the Microsoft Corporation. However, according to the MACD indicator that shows a bearish confirmation, we expect a decrease in the stock price. Also, RSI recently reached 70 and is showing a decrease these days. Moreover, the price hit an upper boundary of the Keltner channel.

Position: SHORT
Stop-loss $302.81
Entry range: $299.93-$302.81
Target I: $286.88
Target II: $274.82

As soon as target I is reached, we recommend repeating the test again and deciding whether to continue with a short position hence, to target II, or to go a long position.