Great support at the 54 level
Really great Reward to Risk trade.
Possibility of some sort of wedge forming in the next month or the stock can just trade sideways.
Good technicals to buy low and sell high. Forget the noise, don't overthink
Sold off 9% in the past 2 days, a small rally should be expected.
Nice consolidation for a few days.
Closed above the consolidation
SMALL SIZE WITH ROOM TO ADD AT 240
EXPECTING A SLIGHT SIDEWAYS TO UP MOVEMENT after a few bullish candles
this is a position sizing trade, to manage risk.
will reevaluate if it goes to 240 and sees how the chart looks. Doubt this will happen if Amazon, ADBE, GOOGL looking so strong
Nice support from May
trend line from 03/23, 06/29
small wedge forming
Will take off if it breaks down (dont know how to set limit orders here so putting in the order on TV now)
all the techs are slowing momentum so won't be surprised if it breaks down.
NASDAQ:MSFT
LONG MSFT- 200
Will add at 190 (doubt it will happen)
aiming to get a better avg so i have a lower stop about 185
MSFT high at Feb will be support and consolidation pattern at end of April and may act as support.
