Hello everyone! This publication is for myself as I have a large position in MSFT at the moment. 50 calls for the stock to reach a strike price of $225 a share by Friday. I believe this is very possible but after today's dip in the market I will explain the predicted future for MSFT based on pure technical analysis.
First of all I have green arrows all over the chart, I've been having fun with that lately, you can see at the top there is a triple buy signal by the bollinger bands. There is also weakening bearish strength as indicated by the MACD at the bottom of the screen.
D+ also shows growing bullish divergence even with bullish candles ( this is a good sign )
On Monday resistance was tested as seen in the Kurutoga Cloud, and I have outlined the resistance for Tuesday. The bottom of the cloud is my level 1 resistance ( indicated by orange horizontal line ) and the red line is my level 2 resistance ( indicated by the red horizontal line ) if both of these levels of resistance are broken tomorrow, we can expect the uptrend to continue into the remainder of the week.
I will be watching closely and am very excited to see what will happen.
What are your predictions on MSFT? Leave a comment below and like if you are bullish
First of all I have green arrows all over the chart, I've been having fun with that lately, you can see at the top there is a triple buy signal by the bollinger bands. There is also weakening bearish strength as indicated by the MACD at the bottom of the screen.
D+ also shows growing bullish divergence even with bullish candles ( this is a good sign )
On Monday resistance was tested as seen in the Kurutoga Cloud, and I have outlined the resistance for Tuesday. The bottom of the cloud is my level 1 resistance ( indicated by orange horizontal line ) and the red line is my level 2 resistance ( indicated by the red horizontal line ) if both of these levels of resistance are broken tomorrow, we can expect the uptrend to continue into the remainder of the week.
I will be watching closely and am very excited to see what will happen.
What are your predictions on MSFT? Leave a comment below and like if you are bullish