Will MSFT hit $318
That is the question I have been wondering. I didn't think it would have the energy to push to the 1.0 if we are being honest. Then along comes the earnings report and reminds me never to doubt the power of the 1.0. MSFT earned 9.42% more than expected and revenue was up an extra 3.6% as well. This resulted in it jumping 7.24% today.
I think we still get at least OMH and very possibly push to the 1.0 fib line @ $318.44. Time wise & the lack of fib resistance, mixed with the S&P needing a retrace tell us another is needed. That being said this count could be considered complete and we could start heading down towards our next target of sub $200. This is not a spot to go long. Yes, my primary is OMH, but by this point you're trading for scraps.
Bonam Fortunam,
--Tyler
I think we still get at least OMH and very possibly push to the 1.0 fib line @ $318.44. Time wise & the lack of fib resistance, mixed with the S&P needing a retrace tell us another is needed. That being said this count could be considered complete and we could start heading down towards our next target of sub $200. This is not a spot to go long. Yes, my primary is OMH, but by this point you're trading for scraps.
Bonam Fortunam,
--Tyler
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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.