MICROSOFT: Next Top at 51.74?

NASDAQ:MSFT   Microsoft Corp
66 0 4
Short-Term Analysis and Trading Recommendations for the short- term investors on MSFT             .
The short-term trend according to the daily time frame is in an Uptrend technically indicated by following:
• Dow pattern- higher tops and higher bottoms- B1,T1,B2,T2
• Price is currently trading above the Uptrend-line.
The uptrend is confirmed by the bullish cross of MA10 above MA20.
Prices are trading above the support level at 46.02(support 1) and below the 61.8% Fib retracement level at 48.18.
Therefore, I will recommend LONG POSITIONS for the no position holders on MICROSOFT             . Take profit at 51.74 the 161.8% Fib extension level. Stop loss should be a bit below the support level-S1, thus the stop loss is at 43.00.
For LONG-holders I will recommend to HOLD their long positions and adopt the same stop loss and take profit orders as mentioned above.
For the short-position holders I will recommend them to CLOSE SHORT POSITIONS AND GO LONG (since they are trading against the short-term trend) and adopt the same limit and stop orders as mentioned above.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out