MSFT: No Pre-Earnings Run
Microsoft reported today after the market close. Unlike many other big blue chip companies, MSFT didn’t have a pre-earnings run up by professional traders. There was no tight compression or consolidation in the technical patterns. There were no strong white candles forming a run ahead of the earnings report. This is a stock traded mostly by retail traders right now, so a negative reaction to missing bottom line targets is par for the course. There is also the pressure of heavier than average rotation in this stock’s trend, best seen with Accumulation/Distribution indicators.
Martha Stokes, CMT
ttrader.im/tv-candlesticks
Learn how to use the technical patterns of each market participant for better trade planning.
ttrader.im/tv-candlesticks
Learn how to use the technical patterns of each market participant for better trade planning.
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.