Microsoft is restoring its long term up trends after late August selloff
Recently the price bounced up from 10-year uptrend border, which is marked by the upper 1st standard deviation from 10-year mean @ 39.40.
If the upwards impulse continues, price will also restore its 5-year uptrend, by trading above its border, marked by the upper 1st standard deviation...
Fully technical trade in play here, ignoring fundamentals.
------Trade------
S/L: 39.56
T/P: 46.69~52 range (with trailing stops when it gets to 46)
Entry: 41.01
Microsoft has been performing poorly compared to the other NASDAQ stocks. I always had the idea to short the weak movers. 38.2% retracement, 200ma. I was a nice optimum trade.
Nokia is looking interesting once again a year after Microsoft's acquisition, a leaner and reinvented business structure. It could present a good long term buying opportunity from here.
Significant interest on the N1 tablet in China. ( pocketnow.com )
Record 2014 deals in india involve the modernization of 2G and 3G networks, 4G deployment, WiFi solutions,...
Here's another contrarian post to follow up my previously partially incorrect post.
At the completion of Wave 5 of 5 of 1, the news re Microsoft accepting Bitcoins was released, thereby initiating Wave 2 up.
See www.cryptocoinsnews.com
See commerce.microsoft.com
I'm curious what effect it had on the market prior to the official news release, if any.
I'm also...
The Microsoft Corp (NASDAQ:MSFT) Daily Diagram Technical Analysis shows the following:
The (MSFT) share follows the support of the long term trend line (green) on this uptrend. The last three days the share made a sharp movement. All this development is above the KUMO, which means that the MSFT is bullish in long term. The weekly diagram shows bullish trend as...
Nice, strong breakout in Microsoft today. Intraday entry was at $40.50. You can trim&trail some in front of resistance if you manage this on daily basis and for investors nothing to worry about.
New pivot resistance at $40.97, above that could trigger another entry/add. Next resistance at $41.30 then we have highs at...
