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BrianDreamTrader
Oct 20, 2019 5:12 PM

Momentum Falling on MSFT? Short

Microsoft CorporationNASDAQ

Description

Some of the bigger names seem to be traded with a "sell the news" response to earnings. See FB, AAPL, NFLX, for examples. All popped to highs at the open and were sold off for the next day or two, or more. Will we see the same on MSFT? If it does pop to the top, I've got 145 as a first target. If it pushes past 149, there I would take the loss, if I got short. Since it is already at all time highs, what is the likelihood of profit taking at these prices? Who is willing to pay higher prices for MSFT? I've pasted a link to another chart below. I'm looking forward to your response.

tradingview.com/chart/qENVcWE7/

Trade active

tradingview.com/chart/qENVcWE7/ - another look at the levels I've called out...
Comments
BrianDreamTrader
I'm not in this trade, but may be selling a bear call spread after earnings.
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