growerik

Microsoft earnings today at 4:15pm

NASDAQ:MSFT   Microsoft Corp.
Microsoft earnings are today at 4:15pm. My range is: low $217, mid $226, high $235. I actually think on a totally speculative hunch + technicals are out in front of their skiis, that MSFT will go down after it's earnings call, but I'm bullish long term as far as holding shares.

2nd Quarter December 2020

Consensus =
EPS: $1.64
Revenue: $40.12 Billion

Do your own due diligence, your risk is 100% your responsibility. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Small incremental steps work : If you double a penny a day for a month it = $5,368,709. Good luck and happy trading friends...

*3x lucky 7s of trading*

7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet

7 Common mistakes:
+5% portfolio trades, risk management
Beware of analysts motives
Emotions & Opinions
FOMO : bad timing
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation

7 Important tools:
Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big organized desk
Reading books, playing chess
Sorted watch-list

Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
https://www.tradingview.com/u/growerik/#...


Trade active: 1/29 expiry $230-235 strangle
Comment: Sweet. MSFT earnings + surprise!
Comment: Pre market
Classic bull flag
Trade closed: target reached

Comments

Thanks for all this. I executed my plan to sell as soon earning are out. Sold for $247 and now I can relax.
Reply
growerik reisejoker24
@reisejoker24, brilliant. Sell into strength. Although we'll see wassup tomorrow during market hours. I was surprised they had such an amazing quarter. Everything positive in MSFT earnings call, Even their cloud business is growing strong
Reply
@growerik, yea, looking forward to tomorrow, should be good day for daytrading :-) Indeed, MSFT will probably hold up strong tomorrow, will see.
Reply
growerik reisejoker24
@reisejoker24, I'm surprised but now I know earnings it prolly hits $250 before calming down tomorrow. Goodluck
Reply
AMD may have big up today however the options are crazy expensive ! i'm testing a strategy on big gap earning's day . Let's how it goes .
Reply
growerik K-alonzi
@K-alonzi, AMD earnings movement range is $85, $95, $105. lol. One never knows for sure what the market is going to do price action wise from earnings. Sometimes good report stock price goes down and bad report stock price goes up. ha. It's usually safest to sell at 3:59pm before earnings. tee hee. Be careful, good luck!
+1 Reply
K-alonzi growerik
@growerik, You nailed it ! beats get hammered and below estimates get bought up that's why i studied the price action " price and volume " to what sort of patterns they have in similar . I'm paper drafting since six months i won't touch it live yet . Thanks you too trade safe .
Reply
growerik K-alonzi
@K-alonzi, 🖖
Reply
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