Microsoft’s movement has been relatively predictable over the last few years, as you can see
on the monthly timeframe. We have seen trends followed by consolidation/pullback, then
trends again and so on.
Currently, price is in the trend phase and there are also smaller areas of consolidation on the
daily timeframe (not shown).
The most recent consolidation period was from April this year and lasted up to last month,
where price broke above the previous all-time high at $263.
If price encounters another pullback, then the 50 simple moving average is below to catch price
and act as support. The last time price made contact with this indicator was in March 2020.
As price has remained a reasonable distance away from the 50 simple moving average,
it highlights how good the trend currently is performing.
Going forward, we want to see a more linear-looking trend develop, one with shallow
pullbacks and smaller areas of consolidation.
We now want to see price continue to trend towards the $300 round number as the
bullish momentum builds up.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
on the monthly timeframe. We have seen trends followed by consolidation/pullback, then
trends again and so on.
Currently, price is in the trend phase and there are also smaller areas of consolidation on the
daily timeframe (not shown).
The most recent consolidation period was from April this year and lasted up to last month,
where price broke above the previous all-time high at $263.
If price encounters another pullback, then the 50 simple moving average is below to catch price
and act as support. The last time price made contact with this indicator was in March 2020.
As price has remained a reasonable distance away from the 50 simple moving average,
it highlights how good the trend currently is performing.
Going forward, we want to see a more linear-looking trend develop, one with shallow
pullbacks and smaller areas of consolidation.
We now want to see price continue to trend towards the $300 round number as the
bullish momentum builds up.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
