MSFT is still bearish so any bullish trades need to be quick with trailing stops to capture gains.
MSFT presented a bullish divergence that suggests a reversal.
I jumped in after the bullish divergence and as soon as the MACD crossed over to green.
The additional confirmation of the trade is now that the MACD is going bullish above 0 and the RSI is crossing the 50 mark. Bearish vol on the 4hr is still weak - but watching for a signal to exit and save gains.
My plan for now is to see how 50MA affects the pricing and if RSI can reach overbought to signal an exit.
MSFT presented a bullish divergence that suggests a reversal.
I jumped in after the bullish divergence and as soon as the MACD crossed over to green.
The additional confirmation of the trade is now that the MACD is going bullish above 0 and the RSI is crossing the 50 mark. Bearish vol on the 4hr is still weak - but watching for a signal to exit and save gains.
My plan for now is to see how 50MA affects the pricing and if RSI can reach overbought to signal an exit.
