Much to the surprise of many investors, this month has seen stocks continuing to rally. A bullish rally can be identified using swing high and low underlying price points since the start of July. The golden dotted line presents this, indicating upward underlying price movements. During this period MSFT saw lows of $243 and highs of $293.
Currently trading above...
Is the MSFT bull run about to fade... who knows.
I will hedge in the low 300's and see. Kind of looks like it could be a complacency shoulder.
If market tanks ill be looking to enter again at a 60% discount like in the previous bear cycle. maybe $142 area..
In this video, we show you how to change your chart's timeframe with a few taps on your keyboard. While many of you are already familiar with this shortcut, we think it's worth highlighting here for those who haven't had a chance to try it.
To get started, type any number on your keyboard and then press Enter. Your chart will adjust its timeframe to the number...
Things are looking very similar to how they did in October 2018.
> In 2018 FAAMG fell by 25%.
> If we correct 25% like we did in 2018, it would take us to the lower support of this ascending channel.
> A 25% correction would also take us perfectly to the 100-week MA.
> Bearish divergences are shaping up in similar ways as well.
It's interesting to note the...
For those of us who like to leverage the awesome charting capabilities of TradingView to visualize, analyze and track a portfolio of holdings, i wanted to share couple of ways i have been using in the past few months.
I found that the ability to "chart" a portfolio adds a whole new dimension to my decision making - that looking at the portfolio in numbers on...
The Daily chart shows the composite price action for one share each of
It shows a low of the year in mid-June about the same time as the SPY bottomed.
The Awesome Oscillator confirms the uptrend.
The uptrend seems to be bounded by an ascending parallel channel.
There has been a combined 10% price rise in the six weeks since with...
A confirmed break of the horizontal line could mean the end of a channeled ABC correction and trigger upside potential.
That being said, a rejection of the upper channel boundary would mean we can expect a 5-wave correction
Good time to hedge Microsoft
for a 10000$ account
buy 0.5 lot from account A
sell 0.5 lot from account B
(1 lot if you want to trade aggressively)
Use money you can afford to lose
This strategy is in experimental stage
I tried trading on some tickers with my logic to determine the Stock Direction BULLISH or BEAR.
I looked at timeframe 2H and 4H (mainly 4H), logic:
1. Determine 4H Price > SMA20 then next day is BULLISH, should be CALL (conjunction EMA20 cross up EMA50 then strong market to CALL)
2. Determine 4H Price < SMA20 then BEARISH, don't CALL, should follow before...
Microsoft stock from a technical view has some space for some up movement
•MSFT Stock has broken above inverted H&SH pattern still not hit the pattern target at $302.
• Down channel is broken in the last up move with a successful retest.
We expect the up move to continue towards $300-$302 levels to hit the H&SH pattern target, before reversing back towards...
Follow these tips to help other Pine coders make the most out of your libraries.
Pine Libraries are open-source script publications containing functions intended for reuse by other Pine programmers. Introduced with Pine v5, they are transforming the landscape of the Pine community by making it easier for authors to share their most useful...
The Nasdaq was down nearly 2 percent Tuesday as e-commerce company Shopify announced a 10 percent layoff to help it deal with lower-than-expected demand for its platform. This spooked investors in tech companies as they wondered what else might be on the horizon this earnings season. Against that backdrop, coupled with an overall tough year for tech stocks,...
I just created this new index which includes FAANG + Microsoft + Tesla + Nvidia. We will continue to track this index and it will serve as a regular update on big tech. I am going to create some new indices which will be sector specific (EVs, Financials, Biotech, etc)...Let me know which indices you all would like to see and keep track of.
This is an...
Breaking of the Falling Wedge confirmed as well as local resistance (red box), the price is directed towards the all-time highs to attack and overcome them.
RSI crossing UP 50% !
MSFT has always been one of the best companies on Wall Street and its capitalization and upward strength is among the top 5 companies in the world.
Price has been consolidating above the liquidity pool since last week. I was expecting price to go down to mitigate the bullish POI at 260.84 after grabbing liquidity at 277.69. From here, I'm still expecting price to do a retracement into the bullish POI before we see any upside movement as the volume is decreasing.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn;...