Overbought RSI and MFI It will be better if short started from 152.3-153.2 targeting filling gap at 142-137. Remained long on long-term
Wow. I just pulled up this chart from a news mention...what an impressive run up indeed. Bravo MSFT. I am seeing a few reasons this parabolic climb may struggle to continue. 1. Parabolic 2. MACD Divergence present on the monthly chart 3. High Wave candle and other reversal patterns present. 4. RSI overbought. I see you can short this in various Inverse ETF's I...
Bull case: Giving out good Black Friday numbers here coming up. 30min and below oversold or getting there on RSI and MFI (exception on 5 minute which spiked to near overbought in final minutes of trading from 40 to 70's.) Short term up could occur soon, but it's looking like Trade Deal or other FA could be the only things to keep the rally going without a decent...
Would you long or short this? MSFT parabolic just like during the dot com bubble. MSFT tanks and it takes SPX and NDX with it. Long term puts should be a good play with a call hedge since the FED may launch QE again. Good luck!
Note - I am long term bullish on MSFT, but bearish on the upcoming trend. I trade the chart and pattern. This trade is not completely ready for Short or Puts, but is getting very close. MSFT- Ascending wedge is coming to an end. Price position in wedge is closer to breakdown point (support) than breakout point(resistance). Retesting any of the moving averages...
It's been since June that it crossed back over its midline, and except for the one dip below in May, it has been above its midline for 7 months which is the longest period represented on the chart. All good things must come to an end. 1.3T market cap and showing signs of exhaustion in MACD and RSI. When it does finally correct I like the 116-120 area.
I will be entering at $155+, or break of pink wedge. Pink ascending wedge in MSFT chart is a repeating pattern. Typically corrects at end of pattern. We are reaching this point by January 15, 2020 or earlier. Red boxes are gaps to fill, although we may not fill the $123 gap. We should fill all gaps down to the yellow support line. I am waiting for $155+ to buy...
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...
MSFT Shares of the stock just bolted out of a strong bull flag pattern, as anticipated. But, "have a plan, trade the plan" is the rule. So, it's time to bank it.
Nice move this past week. Still room to push up. 155 is still possible with in next few week
Rising wedge on $MSFT. Might be time to look for an entry. This is a real bullish chart and excited to find a position. Look for wedge breakout this upcoming week.
MSFT developed a tighter Professional Trader setup consolidation after successfully breaking out of its Trading Range. The stock is now running with momentum to new highs.
RSI broke up down trend which show signs of strength also closed at all time highs targeting upward 150-155 but MFI at lowest level again since long time which made negative divergence with price action if start short with higher volume then MFI will raise up and confirm negative flow. bearish for short term targeting 140-138-130-128-120