MSFT bouncing off multi-year trend-line
MSFT has bounced off a very critical long-term trendline shown on the chart. It has only been touched at market bottoms in the last 6-7 years, including June 2016, December of 2018, March 2020 and now (May 2022). In the last 3 times, the reward had been great (+80% or more until the next major correction). This is a potential long-term buy signal for MSFT and the market in general. I have a small position in MSFT, and I am planning to add more as it rallies higher.
Please do your own study and evaluate your own risk.
Please do your own study and evaluate your own risk.
Note
Bought a little more on the dip today in MSFT. Bad news but stock still went up on the day. A sign that the correction is over.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.