Breaking 166 would increase confidence in this count. Invalidation at 180.
Good short. Take profits on the way down. H&S formed on the 60. All depends on how the market is this upcoming week.
A lot going on here I’m watching... 1) ABC up (green) appears to be near completion with impulse wave c near/at a lot of key levels. This would suggest potential reversal. 2) Currently between 618 and 786 retrace levels of overall market drop, suggesting ABC up is near complete. 3) Currently sitting in an important supply level, suggesting potential...
Weekly chart, first off this goes against my case for a depression however I believe tech stocks will prop the market up during these rough market conditions, which is congruent with another one of my previous analyses. The divergence is hidden as RSI shows lower lows while price maintains higher highs, a parabolic move can be seen on MSFT if this continues it may...
Legend Gives Highest Rating to Microsoft Investors Relations!
MSFT showing a buy signal on Daily although Weekly view showing capitulation and downtrend has started. In my opinion, we do not see previous weeks high of $152.50 before going down into Xmas. White channel was added to pink ascending wedge. Wick down on this week confirmed channel. Breakdown of white channel around $146.65 will confirm downtrend. We need to...
To be clear - I like MSFT and I am long term bullish on them. I play the pattern and the chart. Chart is bearish currently. This doesn't mean I don't like MSFT. Weekly view shows MSFT is just beginning the downtrend. I think we go down to yellow support at least with current correction. This will fill top 2 gaps. Bottom gaps may all fill with broader market...
2nd glance at this chart showed an ascending wedge pattern, instead of the channel from previous chart. Ascending wedge is normally bearish. Slope of wedge is high indicating break to downside. MSFT barely broke daily trend line today (thin white line). Max entry price for shorts/puts which I was considering was $155. I do not think we will get to $155. All...
I am overall long MSFT, but nothing goes up forever. MSFT is becoming overbought on the Daily, as much of the market. All red boxes are gaps to fill. Price may stop at $134 first support (filling top 2 gaps). Watch to exit or price to continue to drop for Final Exit. The bottom gap may be filled quickly, as the price increase was quick. Quick gap up equals...
Hello, Traders! Monfex is at your service and today we overview Microsoft . Last Friday, the Pentagon selected Microsoft as the winner of its winner-takes-all cloud contract, which could be valued as high as $10B. The Global 2000: The World’s Best Employers List consists of 500 companies. In the second place - Microsoft ! A Flat top triangle pattern was broken...
Seems like the pumps come in spikes and after that comes decay.
My Arguments why it is showing bearish signs. 1. SLKB 1 gave a Bullish impulse and a genuine one on an existing uptrend and made a good progress to push the price higher. 2. SLKB 2 gave a bullish impulse too, but progress was not made as it made in previous impulse, means loosing bullish momentum 3. This price is between A and B trendline, but it had ND and...
Hello, dear Traders! Monfex is at your service and today we overview MSFT. Microsoft's report exceeded analysts expectations. Since the company's forecast for cloud services was higher than expected. A Flat top triangle pattern is here, the price near resistance zone by breakout of which will be a stong signal to buy. Another side: a bearish divergence by RSI...
Apple is looking to regain market cap from Microsoft after its 6 month rush. apple look to release new iphone priced at 399 Major company moves have been done by apple with many new products that came out so recently and many to come that are new to apple completely. Earning coming out soon with apple ready to beat exceptions setting up to break all times high...
Well, we are on the earning day and i'm not sure if will be able to go down or not, specially that we made a bearish divergence on the 4 hours frame .. I'm not trading this but i'll see if we can go down to 134 before this week closing
Upon reviewing my trade, I decided to zoom out and PROBABLY try to complete the wave pattern. It seems that the original ending diagonal of a 5th wave may be wrong but price may still be trading in the 5th wave, i.e a parallel channel. I also notices that before the start of the 5th wave, there was indeed a correction ( double three) and MAY indicate that the...
Morning traders, On this asset I will not open this position until Wednesday or thursday most likely, daily chart does not support downward movement, weekly does however. I will wait to see how monday opens, however I plan on entering this short sometime next week.
Ok, this my second post about nasdaq and today its Microsoft. Like you can see on x-volume there is big accumulation by bears above 129.0. Dont invest on market openning. Wait for 127 or under. Levels thanks to X-Lines indicator.