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Microsoft Up 1739 Points!Microsoft has progressed nicely since the last post a week ago, moving up 1739 points at the time of posting and still moving strong. Price has not made contact with the weekly 50 simple moving average since March 2020, but it has been using the daily 20 & 50 simple moving averages as support. We have been seeing deep pullbacks since 2020, but from June 2021 the behaviour of price has changed and we are seeing more of a linear clean move. Earnings came out on July 27th, which didn’t disrupt the flow of price. A mini consolidation has followed earnings and we now await a breakout above the current all-time high at $290. A break and close above the recent high will confirm a trend continuation and a move towards the $300 round number. How will price react to the $300 round number? This is anyone’s guess, but the momentum should take price higher over the long term. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:MSFTLong
by Sublime_Trading
Microsoft Trending Towards $300!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 period was from April this year and lasted up to last month, where price broke above the previous all-time high at $263. If price encounters another pullback, then the 50 simple moving average is below to catch price and act as support. The last time price made contact with this indicator was in March 2020. As price has remained a reasonable distance away from the 50 simple moving average, it highlights how good the trend currently is performing. Going forward, we want to see a more linear-looking trend develop, one with shallow pullbacks and smaller areas of consolidation. We now want to see price continue to trend towards the $300 round number as the bullish momentum builds up. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:MSFTLong
by Sublime_Trading
Microsoft MSFT is at a strong support - going up from hereMicrosoft MSFT is at a strong longterm 3/1 gannfan support that lines up with the 200sma atm. On shorter term timeframes it made a bullish structure by making higher lows (ascending triangle) and now the next target to break and retest will be the 50sma that will line up with the middle ganfan line between the 2/1 and 3/1 one. Overall we going to continue going up until the 2/1 top gannfan line which will slightly make higher all-time highs at around 249$ price levels
NASDAQ:MSFTLong
by UnknownUnicorn7005306
Microsoft Clearing Resistance Levels With EaseMicrosoft is looking strong and another stock that has performed well following the global pandemic is Apple. Tech stocks, in general, have seen great results which is also evident by glancing at the Nasdaq Index. Due to the fact that many people are working from home, it is no surprise that this sector has seen staggering growth in a short period of time. In the late stages of June, price smashed straight through the $200 round number, but in July price used that level as support and is where price formed a base. Momentum started to build and we can see that the buyers were eventually able to push price higher to eventually create new all-time highs. This stock has a history of good long-term trends, and we may well see one in play right now. We can never predict how long a trend will go on for but we must take advantage of the high probability trends that present themselves to us. As price broke out earlier this week, we should see this stock continue to fly. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
NASDAQ:MSFTLong
by Sublime_Trading