kgiap123

MSFT - Flirting with key Resistance

kgiap123 Updated   
NASDAQ:MSFT   Microsoft Corp.
MSFT is able to climb back above EMA50 and hoovering around key resistance 300-305
Historically, MSFT is moving and forming Support and Resistance in 50$ range. i.e 200, 250, 300.
From long term view (Weekly chart), MSFT is seems to be forming tweezer bottom reversal candle and confirming by Fast Turtle Candle (This week need to closed above EMA50 to stay valid)

Other parameters are looking good. i.e.
1) FIFT turning +ve indicating Bull is relatively strong.
2) MCDX Banker (Red Bar) still low but crossing above 25% making Retailer (Green Bar) insigniticant 0%.
MCDX Hot Money (Yellow Bar) still high at 73% is telling us that MSFT is currently moving sideway.
3) ATOM signal appears. This is sign of MSFT is staging for Breakout. MSFT need to break above 305 to expose 340 - 360 zone.
4) Momentum is turning up with sign of Hidden Bullish Divergence.

!!! RISK :- Earning is near.

Plan:-
Partial entry above 297, SL below 280 or EMA50. Further buy when Slow Turtle Buy appear above 305 and keep SL below 280. Trail SL when price hit 330 Zone.
Comment:
Slow Turtle triggered Buy.. Making All Time High.
Trade active:
Hold. Use Turtle Trend as trail stop.
Trade active:
Buy on Dip signal triggered.

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