MSFT has formed a large double top, and might be starting a correction towards the support below. It's interesting to note that the top happened at the highest low in the weekly chart, and that we have two 9 week modes in the chart, from the top. If we were to cross the earnings support, the inside trendline, and the 9 week mode below, we could see a correction...
MSFT has broken out of a diagonal trend that started on December 29th of last year. This also coincided with a break of 53 that had previously been tested 3 times in the last 30 days. Today MSFT found nice support on a retest of 53. Stock looks poised for a move back to 55 and then the 52 week high after that.
It seem like after Earnings yesterday MSFT is going to open between 54$ and 55$. It's going to be a retest gap. So I would wait for a Retest next week an then sell a Bull-Put-Spread in the purple area with a time of 1 to 2 weeks.
This is a "kid in a candy store" week, with a good selection of earnings plays to choose from: AAPL: Tuesday, after market close BA: Wednesday, before market open FB: Wednesday, after market close BABA: Thursday, before market open CAT: Thursday, before market open AMZN: Thursday, after market close MSFT: Thursday, after market close I'll post setups on Tuesday...
Since high 59.97 from Jan, 1999, we saw a major correction was unfolded in blue ABC format which ultimately ended at 14.87 on Mar, 2009 by placing long term and we confirmed that red wave completed here and red wave started towards 150 area or even higher in impulsive rally. Now we are in green wave 4 of blue wave 1 of red wave and the ideal target for...
So we're going into earnings and a lot of people are saying long MSFT. I honestly cannot see the appeal in this. Earnings play maybe but the current chart is very much bearish and is following history. It was in a downwards trend as you can see with my channel but broke out. I think it will use the top as support if not break through it to cover some gaps. I'm...
Target = $49 Keep buying front-month PUT at 0.01 each ( See OptionsProfitCalculator: opcalc.com ) $10 dollars, controlling 10,000 shares. Max returns of $10k if it gets to $49. Your downside is only $10! OR naked short any option above $55 (Since there are lots of premium in MSFT options anyway) ------------------------------------------------- See the...
Watch Monday's price action on the SPX500, short MSFT if it gaps down on opening. Rising wedge, weakening trend and big bears lurking in APPL . This probably won't be immune for long.
Good morning, MSFT is the stock that offers us a glimpse on our future with a stunning degree of clarity. What I see on this monthly chart is a gorgeous flat correction, which has completed its red A wave, now completing its red B wave, stopping right at the required level of 0.886 w(A) retracement, and is supposed to head down in a few days together with SPX....
Here we have a very interesting short setup. The market drove price up near a very strong resistance zone, so I'm willing to take a stab at a short position in this zone. A very low risk entry, aiming for a retest of the 20 bar mode at 43.48 initially, our stop loss can be minimal, with very low probability of it being hit before our profit target is. Setup is...
Trade pending as per chart. Reasons Overhead resistance Dynamic trendline resistance RSI nearly overbought Enter in stop pop zone Good Luck
Microsoft is restoring its long term up trends after late August selloff Recently the price bounced up from 10-year uptrend border, which is marked by the upper 1st standard deviation from 10-year mean @ 39.40. If the upwards impulse continues, price will also restore its 5-year uptrend, by trading above its border, marked by the upper 1st standard deviation...
MSFT is consolidating after bearish price action in what appears to be a sideways combination corrective pattern. Regardless of EW count, there are multiple congruent harmonic patterns that if completed will be met with significant trendline resistance, helping to drive price down. List of confluence in PRZ is listed below. PRZ Confluence: 1. Two Bearish...
Folks, I don't want to summon false alarms here but I believe that we are just a few hours away from S&P crash. Today I decided to take a look at a few big stocks in order to see where we are in terms of wave completion and understand if a reversal of S&P is approaching. What took my attention is MSFT, which was approaching its 49.51 resistance. No big deal i...
Fully technical trade in play here, ignoring fundamentals. ------Trade------ S/L: 39.56 T/P: 46.69~52 range (with trailing stops when it gets to 46) Entry: 41.01
$MSFT Long $42.75 with a wide stop. Target $46 - 48 zone. Once in the gap I'll move my staggered stops up to close to $41.50 area and hide below L7 Cyclical Support at $41.53. If half gap holds, I'll continue trailing.
With my buys top failing to trigger the first time I'm trying again a little lower... MSFT poor results has dropped it straight into an objective level of longterm demand from a weekly pivot low in Nov 2014 where price rocketed off. it is my hope that there are left over buy orders at this level that will trigger a rally. I'll try again with a buy stop at...