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BH42
May 8, 2020 7:59 AM

Microsoft breakout  Long

Microsoft CorporationNASDAQ

Description

Microsoft breaking out of ascending triangle on 1D time frame. Confirmation of support complete and now pushing to a 6-7% gain from breakout, potentially to all time high.
Comments
BH42
Good call Granter. We exited our position just below your call of 187 in the end before the nasdaq fell two nights ago. Good call.
A7654
@BH42, Happy to hear your trade worked out. 187 rejected nicely.

Still have not lost the support. So expecting it come back up and test 182 at least. Possible chanse for 190 push, but i'm very skeptic. its still just a big short zone.
I expect microsoft to trend down towards 150 in the coming months
virtualtechie11
@BH42 - not this one either :( ?
BH42
@virtualtechie11, Yes this one was a good trade and worked out well. We exited position on the 11th May at $187.05, around 8% profit taken on this one. The game is up for FANG+ now.
virtualtechie11
@BH42, i think so as well, over bough territory
A7654
187
BH42
@Granter, I have a 188-189 target for exit but yes in the region you mention. Thanks, have a nice day :)
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