Short Term Long potententially heading onto longer term short - watch for breaks of 31.93 for long and break short of 32.30 (technically this has broken out already but should provide a re-entry point after retesting 32.30-32.54 area. Watch for resistance at 32.30 on way up as this may stop long target being hit (probably candle wick will hit 32.54 and close will...
After MSFT's explosive rally as Windows became a staple for computer users, price peaked and then moved sharply lower and then sideways for years. It's interesting to note where the price corrected to. Apple's chart looks very similar - IPADs/ Iphones became the must have and the company experienced hyperbolic growth and sales - It's not going to continue... ask...
It remains to be seen how price will behave next week after the one day gap fill on 2013.08.23.
As price nears SP2 there could be an opportunity to short it. However, be very aware that the major trend is still up. The blue channel depicts the frequency bandwidth of price movement. It is near the upper limit of the blue channel.
As a caveat, a nice break above...
Stock rallied after Ballmer's departure news but it might be just emotional buying. There is no clear information on the next CEO and the company looks bad in the short term. So, no foundation will drive the stock back to the 30ish level in the near future.
Since november of last year MSFT has largely stayed within the same range trending between 26-27.75 from Nov-Jan, giving us what appeared to be a breakout in early February. However, instead this breakout has turned into another consolidation pattern has MSFT created a bullish ascending triangle, and given that generally the longer something consolidates for the...
This is a simple strategy that is used more often in Forex. What we are looking for is a stock which has its 50 MA under the 100 MA and then the price of the stock is also below the 50 MA. Then we look for the stock %R to reach a high level like -20.0000. We now eneter for a short. As per the chart we can see that microsoft has been doing this for the last little...
