IvanLabrie
Short

Microsoft: Interesting scenario

NASDAQ:MSFT   MICROSOFT CORP
MSFT             has formed a large double top , and might be starting a correction towards the support below.
It's interesting to note that the top happened at the highest low in the weekly chart, and that we have two 9 week modes in the chart, from the top.

If we were to cross the earnings support, the inside trendline , and the 9 week mode below, we could see a correction landing into the earnings support levels below, close to the 45 handle.
We can go short with stops above 55.43, either at a new low, or at a slight retracement approaching the 55 mark.
If we don't get a new high tomorrow, and the close remains under 55, we might good odds with this trade.
Refer to Tim West's publication for the fundamental outlook for this stock.
See related ideas.

Good luck if taking this trade,

Ivan Labrie.
Trade active
Comment: 8 days at 55.12.

We might get a sharp decline next, fireing a time at mode downtrend signal.
Comment: Great daily close.
Comment: We could be witneseeing a double top here. Let's see how it goes.
this was a huge talk for us :-0)
nice find!
+1 Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
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