MSFT - 10.43% Profit Potential - Bullish Pennant Long

Microsoft CorporationNASDAQ

Description

⋅ May 3, 2021 8:53 PM

Bullish Pennant formed after a modest 9-month rally.

Great risk-reward ratio and target set at a potential formation of a 1-year resistance line.

- Target Entry $252.04
- Target Stop Loss $246.36
- Target Exit 279.40

About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss

Comment

⋅ May 4, 2021 1:57 PM

Price broke through support in the first 30 min of the trading session. I will not enter at this stage.

Order cancelled

⋅ May 5, 2021 4:59 PM

Comments

maschera

⋅ May 5, 2021 5:00 PM

At this stage, I don't feel like pursuing this anymore. My technicals have been heavily violated by the price action.

jkartinos

⋅ May 4, 2021 5:50 PM

whats your entry point now.? I think we hit the bottom at 245