MSFT has been banging away at the resistance line of a large Cup & Handle pattern and has possibly moved the resistance line to 351.47 after a few attempts at this almost exact level.
This was looking toppy, but another leg up has changed that outlook, for now.
This stock is trying to beat an ATH, so price is making it's own resistance at an unusual level as it...
macro: snp500 QQQ uptrend
News: inflation flattening
TA : Break of tight range, and bouncing off 25ema
STOP: rolling till worthless options
TP: low value per day or expire
risk: earnings on 25th july
I am providing a crucial update regarding the recent news of the Federal Trade Commission's (FTC) decision to appeal against the proposed merger between Microsoft and Activision. This development has significant implications for the tech industry, particularly for those who have invested or are considering investing in Microsoft stock.
The FTC's decision to...
In this update we review the recent price action in Microsoft and identify the next high probability trading opportunity and price objectives to target
*Past performance not indicative of future results
Price playing out nicely as analyzed last week, giving us a 3.25% move to the downside before a small bullish retracement. No changes to my expectations, I'm expecting price to continue lower to mitigate the bullish POI at 322.72 next before price decides to continue higher.
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If you haven't read...
MSFT is forming a Head and Shoulders pattern and the line trend has been broken with volumen so it would be a good trade to short MSFT in the pullback.
This is a setup of my Fibonacci price cluster, I set up and found a pretty potential point to be able to enter a buy direction trade on the short time frame.
Looks a bit like an H&S but a small one. Use your own judgement.
Targets in green were calculated for a break out from the cup but did has not happened.
H&S are measured from the neckline to the head of the pattern. Then that measurement is projected down from the neckline for a 100% fall ( would take price down to a gap fill if this indeed breaks the...
Price looks like it's forming a head and shoulders, within a larger double top formation. Personally I will observe how this plays out and may or may not take this short trade, just an observation for now. Stay tuned for updates!
If we hold tha 331 range, we can break to 380. Take some profit at 360 or so.
If not hedge it, to 300...and if it starts breaking lower, should balance at 280
MSFT is ultra bullish these days
Target profit is 351, the high of previous days
This indicator shows a signal of buying when both lines separates one to other.
- MSFT has been on a TEAR in this B wave trying to surpass last resistance levels, but this tends to happen with B waves when you look at the history and overall charts of B waves. The blue lines are where resistance is and we still have not fully closed over the blue zone.. until then we are set up for a brutal C wave to come and bring us back down to support...
MSFT has revisited a weekly resistance level and is showing signs of a potential reversal, as it is respecting the resistance formed. The bearish reversal suggests that the price is likely to retrace back towards the vicinity of $300.
