At the close of April 18, 2024, NASDAQ:MSFT is trading right at the support trendline, the yellow line shown on the chart.
If the stock cannot hold this trendline, the pattern suggests the further decline 6-8% to its 200-day moving average.
It was a good decision to cut short our loss when buying at the new high (see the related ideas section)
Fundamentals:
Microsoft has had a good three-year growth record, but its group is weak, which can drag the stock. Sales have been accelerating recently and earnings meet my criteria. It has good sponsorship. Earnings stability is very healthy.
Earnings is out in seven days.
Technicals:
Bat Pattern Retracement
2023 diagonal trendline
Clear higher highs and...
As of the latest trading session, Microsoft Corp. (MSFT) exhibits intriguing technical patterns and indicators that warrant a closer examination for both bulls and bears in the market. With the current price standing at $424.59, let’s dissect the chart's tale through various technical lenses.
Ichimoku Clouds: A Bullish Horizon
MSFT's daily price action remains...
In my video yesterday I explained that proof of tapering from our purple HTF buying continuation to an even more tapered blue will lead to a liquidity build and a need to activate a stronger buying algo below. If taken correctly this turned out to be a 15 R:R trade.
Happy Trading :)
- TraderDaddyOG
On March 20 NASDAQ:MSFT reclaimed a previous resistance as show on the chart, and on March 21 went up into new high.
A new high is a good entry point for trend-following traders.
MICROSOFT NASDAQ:MSFT - Mar. 11th, 2024
BUY/LONG ZONE (GREEN): $405.00 - $415.00
DO NOT TRADE/DNT ZONE (WHITE): $400.00 - $405.00
SELL/SHORT ZONE (RED): $394.10 - $400.00
Weekly: Bullish
Daily: DNT, Leaning Bearish
4H: DNT, Leaning Bearish
Wanted to draw up NASDAQ:MSFT after seeing the ranging zone on the daily timeframe, figured I might be able to pick a...
We are seeing rejection from a very tapered blue buying continuation after last week's rejection of purple. We are holding magenta stronger buying continuation so we will need to see this fail in order to get into a further downside trade - however, with additional proof of rejection from blue tapered, we can get in an early short position to at least magenta to...
Already have a position in MSFT and have traded in the past. I am adding on this pullback buy.
I have about half a position size now and will look to build up my position on the next pivot.
Bears/shorts are about to get absolutely slaughtered over the next couple weeks. By the time everyone switches long it will tank... Same story every time.
I just went long MSFT with a buy zone 413-419. I will add if we get another lower low but not expecting that.
Initial target 427 by 4/5.
Goal Target 440s by end of April.
Stop loss close below 407.
Don't...
Hello friends. We see the chart of Microsoft stock and this analysis by EW so be assumed start the 4th wave by abc moving I hope the price touch the 372 $ zone.
MSFT has been gaining momentum over the long term, indicating a potential move towards the 460 to 470 range by the second quarter of 2024. The stock's stability between 410 and 420 may potentially set the stage for a modest upside of over 10%.
Looks good both technically and fundamentally,
strong earnings, quick recovery after small (less than 3%) after-earnings downside.
All time highs.
Analysts see 8-12% uspide.
I believe MSFT is very bullish according to the trend and the harmonic. I think we can expect this to be 435+ in the very near future.
Not financial advice, good luck to all :)
We need to see yellow strong buying hold us to attempt another breakout of tapering up top. If we fail yellow, our next stop is magenta support which will be important for bullish price action to continue.
We will likely see this happen today - and if we do hold yellow and reject at tapered blue above, I will be taking shorts and expecting a gap down below yellow...
Major rising wedge here for the biggest stock on the market...
In the scenario where this breaks wedge support and starts to correct the target would be 363 or the 200ma
Until we can play the wedge!
Price closed outside daily bollingerbands and hourly moneyflow is saying a 3-5% pullback is coming
My target here is 415, look for any pullback near trendline...
MSFT on the daily chart shows the price action in the bull run out of the Covid lows then a
cup and handle pattern is printed and finally bullish continuation above the level of the cup.
Since the cup has a height of $145 and the level of the lip of the cup is $345, the pattern
forecasts bullish continuation for $ 145 above the cup's lip at $ 345 and so...
