Here is an easy ta from Microsoft long.
At first I want you take a look on gaps that going hand in hand mostly every earnings. In upward trend you can see outbreaking gap on 22. oct followed by exhausting gap on earnings 29. jan.
Then reversal island compared to corona falling shows trend reversal to a short-term downtrend. Strong support around 132 mark continue the primary uptrend amongst others with continuing gap 14. april.
So for next earnings there are some bullish scenarios. As you can see, volume was high last weeks. Like my last ideas also here you must have to watch SP500 (take a minute and compare it, its almost same trend) and here what Fed is pumping on.
In my opionion, next upcoming earnings are accompanied by gaps and high volume. All my bullish scenarios are made for longterm investments:
We have trendline support line around 164 mark, next softcore support is around 156 from uptrend and last but not least the most important support 132 from primary uptrend.
Going up, first resistance is on 180 mark, next is ATH 190.
I think on the fundamental side of life msft is heavy weight in corona crisis and and MSFT Teams, Azure and co could show good growth cause of working home.
Any comments are welcome Im learning ta :)
At first I want you take a look on gaps that going hand in hand mostly every earnings. In upward trend you can see outbreaking gap on 22. oct followed by exhausting gap on earnings 29. jan.
Then reversal island compared to corona falling shows trend reversal to a short-term downtrend. Strong support around 132 mark continue the primary uptrend amongst others with continuing gap 14. april.
So for next earnings there are some bullish scenarios. As you can see, volume was high last weeks. Like my last ideas also here you must have to watch SP500 (take a minute and compare it, its almost same trend) and here what Fed is pumping on.
In my opionion, next upcoming earnings are accompanied by gaps and high volume. All my bullish scenarios are made for longterm investments:
We have trendline support line around 164 mark, next softcore support is around 156 from uptrend and last but not least the most important support 132 from primary uptrend.
Going up, first resistance is on 180 mark, next is ATH 190.
I think on the fundamental side of life msft is heavy weight in corona crisis and and MSFT Teams, Azure and co could show good growth cause of working home.
Any comments are welcome Im learning ta :)
Trade active
MSFT beats and if you followed this long idea, you now should take a look on the 180 resistance.