i watching this stock from the last 2-3 days going in range. checked fundamentals are doing great. STOCK IN UPTREND. so fundamentally it's strong and technically for now needs a push to break resistance and last high for a bigger upside. keep it in the watchlist for the buy-side and don't forget to use your risk management and opposition management. good luck :)
$MSFT
-9-day being heavily respected
-came down to retest 9-day and bounced off so now is when we attack
-we have candlestick conformation above the 9-day
-cloud also increasing in buying pressure so we might see a bit pump soon
Today, we will look at the behavior of the share price of Microsoft Corporation on a global chart.
Patient investors have been gaining the position of Msft shares for 13 long years, and the price itself during this period was stuck in the consolidation of $20-37
However, look at the result: as of now, the share price has risen +1000% , and the super cycle of...
MSFT has a little more to go before it's in the Sell range.
BlueWave is overmatured, really wanting to give Red Dot sell signal
Stochastic RSI is Extremely Overbought
In the past 3 trading sessions, you see NASDAQ:AAPL , NASDAQ:MSFT , and NASDAQ:AMZN which are the first 3 companies with highest market caps experience higher prices and higher trading volumes !
This is my favorable trading sand I try not to ignore it..!
These trading volumes are lower than the early 2021, but at least are above the average of the last...
For both the weekly and the daily wave count, the wave 4 would be a horizontal triangle correction, which make sense for a wave 4.
I expect a retest of the previous all time high with a bounce on the 20MA before heading to a new high. The end of the cycle would happen at the end of the summer with potentially the rest of the market, starting right after...
MSFT has miraculously just broken bullish out of a bearish ascending channel pattern. If the red trendline of resistance-now-flipped into support can hold, look for fireworks as your first target may be around the $295 area. Only about a 6% gain but it could move there in a hurry and that would be just getting the party started.
This could be a very bullish...
$AMZN
Just broke a very crucial resistance line and should move higher. AMZN has been in an ascending triangle for the past year. We have just broke out of this pattern which historically implies further upside. Still trading at fair valuations (66x PE) given the growth potential. Also the news of the JEDI contract being rebid is very positive for AMZN, given the...
Microsoft!! It has ran good in last month or so looks like it can retrace a little bit from this levels. May be 255-58 would be decent . It is also in upward parallel channel and is about to breakout that if it does can test 280 before downward move. Nothing to do as of now but very much interested to buy if we get dip around 255 levels.
Microsoft’s movement has been relatively predictable over the last few years, as you can see
on the monthly timeframe. We have seen trends followed by consolidation/pullback, then
trends again and so on.
Currently, price is in the trend phase and there are also smaller areas of consolidation on the
daily timeframe (not shown).
The most recent consolidation...
