On H4, with the RSI bouncing from the support level, and the price is reaching the key support level, we have a bullish bias that the price may rise from the buy entry at 232.11, where the overlap support and 61.8% fibonacci projection are to the take profit at 239.38, where the 61.8% fibonacci retracement is. Alternatively, the price may drop to the stop loss at...
In conjunction with the uptrend on the major indices (locally), we are seeing a recovery in this major stock. It remains to be seen what exactly we are to paint out - a zigzag, triangle and its many varieties. Momentum is upgoing on SPX, which gives us confidence to see more growth in the tech sector.
We are not in the business of getting every prediction right,...
If you haven`t sold MSFT after they Issued the Warning to Investors:
Then you should know that the chart reached our price target perfectly and is now ready for a technical rebound.
A technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum...
Apple has been getting killed in recent trading days. Thursday going -5% and Friday -3%. In total, just this week Apple has declined roughly ten percent and evaporated roughly $200billion in value. Luckily, the selling is seemingly at its relative lowest as can be seen with the RSI divergence from its 50 day RSI to its 200 day. Shorter Duration RSI moving far...
Microsoft Corporation
Ticker: MSFT
Idea: Long
Horizon: 1-2 months
Target 1: $264
Target 2: $281
Stop order: $233
Entry range: 238-241 USD
Technical analysis
The price is in the support zone around $241, where a local bounce up can be formed.
Fundamental factor
Microsoft is one of the largest multinational companies producing proprietary software for various...
Microsoft Stock Analysis. The biggest sell-off in history has been happening since the end of 2021. Long-term shorts are playing out on Microsoft stock.
New supply levels are being created on the weekly timeframe; the last one is located at $256 per share. Microsoft's stock price today is still bearish. The stock might take some time to pull back to the supply...
The next level of support is at 233 levels, I would go long at 233, with a stop at 230 level and target at 241 levels.
Based on how this stock is falling, I feel this should happen around its earnings timeframe.
P.S. The only worry is that quite a bit of revenue for Microsoft is generated from rest of the world. With this strengthening of dollar, the revenue is...
Here is a possible pullback considering possible prices of resistance including the lowest price of an old candle, the 50% of the fibonacci retracement (where retracements are more likely to happen). The price already hit the zone but it is common for the price to come back up before the day end. Furthermore, the 50% fibonacci retracement also happens with the...
On H4, with the price moving within the descending channel and below ichimoku cloud , we have a bearish bias that the price may drop from the sell entry at 236.25, which is in line with the 78.6% fibonacci projection to the take profit at 208.8, where the 78.6% fibonacci projection is. Alternatively, the price may rise to the stop loss at 252.14, which is in line...
using Nasdaq futures to monitor the long term trendline from 1999 till now... we violently broke the trend in 2008, but bounced beautifully in 2018/2020 and I think we soon get a decision on how price will act this time around... it should also let us know what to expect for tech valuations in the coming months/year!
On H4, with the price moving within the descending channel and below ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 236.25, which is in line with the 78.6% fibonacci projection to the take profit at 208.8, where the 78.6% fibonacci projection is. Alternatively, the price may rise to the stop loss at 252.14, which is in line...
1st time this happens ever since the trend turned bullish in 2012 for $MSFT. By the end of the month, we will get confirmation of a potential bear market trend starting to gain traction here.
Investors had a tremendous 10 year run ever since but it appears to be over.
Best of luck!
Ivan Labrie.
Uber is at the peak of driver's dissatisfaction. Will bribery rescue it once again? No.
It is beside the company's debts and cyber security weakness.
It got no future...
Blue pill or red pill? ๐ First time with bearish divergence on the daily in ~2 years
$QQQ $NQ_F $NDX $AAPL $MSFT $SOX $ES_F $SPY $SPX $TLT $TNX $VIX #Stocks ๐
These four big tech stocks are on thin ice.
A break of these necklines suggests more downside. These levels likely indicate around 11,900 on the Nasdaq as the line in the sand.
Question is, does this lead to capitulation or a longer duration downtrend. TBD...
Nasdaq 11,900 level = red line
