• MSFT is reacting just above a clear support level at $235.10 (dividend adjusted chart);
• Although we see a strong bullish reaction, we don’t see reversal signs yet;
• Would be good if MSFT close the weekly chart like this, or if we see a clear bullish reversal pattern in the daily chart before assuming it’ll reverse;
• Either way, there are two open gaps...
On H4, with the RSI bouncing from the support level, and the price is reaching the key support level, we have a bullish bias that the price may rise from the buy entry at 232.11, where the overlap support and 61.8% fibonacci projection are to the take profit at 239.38, where the 61.8% fibonacci retracement is. Alternatively, the price may drop to the stop loss at...
May bounce /correction/ will come. It looks like another correction is near for MSFT. It looks that a sharp sell of eases and price is coming to Mar-21 consolidation price. I think now, before the earnings report little or medium correction will come to MSFT.
Watching how the market reacted in Sept says a lot. I think that 225-230 is going to be support for the near term. I think the market as a whole will rally due to the oversold positions throughout the market as well as other indicators. I think MSFT has a really good shot of testing 270 levels. will the possibility of going to 290. I am long term bearish, I just...
In conjunction with the uptrend on the major indices (locally), we are seeing a recovery in this major stock. It remains to be seen what exactly we are to paint out - a zigzag, triangle and its many varieties. Momentum is upgoing on SPX, which gives us confidence to see more growth in the tech sector.
We are not in the business of getting every prediction right,...
Price did not play out as expected. I was expecting price to head up towards the bearish POI at 251.94 before going lower. Right now, it seems that there is insufficient liquidity to push the price higher even after grabbing the lows at 238.07. Price is likely to head lower towards the bullish POI at 220.58.
If you haven`t sold MSFT after they Issued the Warning to Investors:
Then you should know that the chart reached our price target perfectly and is now ready for a technical rebound.
A technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum...
Microsoft Corporation
Ticker: MSFT
Idea: Long
Horizon: 1-2 months
Target 1: $264
Target 2: $281
Stop order: $233
Entry range: 238-241 USD
Technical analysis
The price is in the support zone around $241, where a local bounce up can be formed.
Fundamental factor
Microsoft is one of the largest multinational companies producing proprietary software for various...
Microsoft Stock Analysis. The biggest sell-off in history has been happening since the end of 2021. Long-term shorts are playing out on Microsoft stock.
New supply levels are being created on the weekly timeframe; the last one is located at $256 per share. Microsoft's stock price today is still bearish. The stock might take some time to pull back to the supply...
The next level of support is at 233 levels, I would go long at 233, with a stop at 230 level and target at 241 levels.
Based on how this stock is falling, I feel this should happen around its earnings timeframe.
P.S. The only worry is that quite a bit of revenue for Microsoft is generated from rest of the world. With this strengthening of dollar, the revenue is...
Here is a possible pullback considering possible prices of resistance including the lowest price of an old candle, the 50% of the fibonacci retracement (where retracements are more likely to happen). The price already hit the zone but it is common for the price to come back up before the day end. Furthermore, the 50% fibonacci retracement also happens with the...
On H4, with the price moving within the descending channel and below ichimoku cloud , we have a bearish bias that the price may drop from the sell entry at 236.25, which is in line with the 78.6% fibonacci projection to the take profit at 208.8, where the 78.6% fibonacci projection is. Alternatively, the price may rise to the stop loss at 252.14, which is in line...
On H4, with the price moving within the descending channel and below ichimoku cloud, we have a bearish bias that the price may drop from the sell entry at 236.25, which is in line with the 78.6% fibonacci projection to the take profit at 208.8, where the 78.6% fibonacci projection is. Alternatively, the price may rise to the stop loss at 252.14, which is in line...
