Microsoft? no thanksThe last months have been very good for this successful company however I think it needs a break.
There are too many supports in this chart however, touching the R & S point, would give me enough information to plan the next move. At least for now I have a good map for this kid.
Best wishes to all!
Microsoft
MSFT is having a healthy retracementLet’s start with feeding the bears. Microsoft stock might retrace further. On Friday it was slowing down near a support cluster near the 92.00 level, and closed the session below the monthly PP, standing exactly at the support line of the junior channel up pattern (black lines). That support lies there alone and passing that would feed the bears.
Meanwhile, the healthiness of the market “drop” “nosedive” “plummeting” (as CNBC and other “experts” (click baiters) call it) can be observed while doing the charting with the most basic tools – channels.
Let’s begin by going in from the larger timeframes (I have the chart set on hourly, zoom out). The expectations of big earnings from MSFT caused the pair to break the previously most dominant ascending channel pattern (yellow lines below the stock price). The whole event occurred in the borders of a new dominant channel (blue lines).
So….Further one needs to zoom in to see that the last quarter saw the stock surge, which followed the MSFT earning beat in late October (cool jump btw, much money wow so wow!). The consolidation, which followed the earnings eventually revealed the medium scale ascending pattern (purple lines), which is guiding the pair to the upper trend line of the dominant trend.
In that pattern we have another one (seriously this is the last one).
The black lines represent the junior pattern, which is a result of the whole sentiment that surrounded the Trump’s tax reform starting from December until what we had last week. (Ok, I am getting bored of writing at this point).
The stock price will face the support of the junior pattern first thing on Monday. If it finds support in it and moves past the monthly PP, the levels above the 100 will be the next target (btw, the word on twitter is that some group of analysts, handling loads of cash are being long until those levels, as they changed their price target and announced it,but there are buts to such news...).
If the price drops below the black support, watch for a rebound. The rebound might begin at any level as low as 88.40 ( when the bears have been fed). However, I presume that the purple support would provide the eventual push upwards. In that case scenario the same targets of above 100 levels would be aimed at.
P.S. Remember that large fundamental changes mostly break patterns, so use proper risk management and don’t go long all in like a total “expert.” If Trump does one of his stunts against the markets, we might have just that. (Yes I am refering to that memo and the whole FBI investigation thing.)
Yours sincerely,
Y
Microsoft long-term mega bullAre you still crazy about cryptocurrencies? How about traditional markets, for example Microsoft (MSFT) stock?
Cool guys from Redmond are actively developing a lot of new IT sectors, and in the following years their activity should bring great profits to their shareholders.
MSFT has entered a new global cycle of growth, which is going to be as exciting as it was in 80s/90s.
The rise of the machines and human enslavement will run under good patronage of Microsoft corporation. So, why not become a co-owner of the enslavers, while it's not too late? :)
Thought there would be a break down in Iota...So, I see that Iota broke the support level that I THOUGHT was at about 240000 sat. Or maybe I drew it in the wrong place. Or maybe both or neither. I see Iota wants to be strong. I guess we'll just have to wait for the volume. It really didn't react much to the news yesterday where they said, "Hey, you all misunderstood! We aren't partnering with Microsoft. We're just a client." Iota will break soon. I don't think it will break down. It's very strong and I think we've just about exhausted the bears. I feel the longer we are forced to wait, the quicker the momentum will gather when it's run time. I just hope we're moving up. I'm long.
Currently in downward leg of very short term upward trend toward the resistance at around 270000.
Would someone please tell why I KNOW I'm completely wrong? I should place side bets that all my trades will end up stopping out. I set stops at 30%. I entered this position at $4.60. Can't wait to see how I lose this time.
This is not financial advice. I started trading with $2,000 and now have just over $500. If you take this as advice, expect similar results or worse.
Microsoft Trend ChannelMicrosoft has been following an upward trend channel. It gapped up and broke out of the channel on Oct 27 due to good earnings report. Microsoft held its price and I expect it to continue holding within the channel. I believe a good entry would be as it falls back to the trendline at approximately 76.00. I am watching closely to see if it breaks below the trendline which would be a bearish signal.
The Current stock price is above both the 150 day and 200 day moving average.
The 200 day moving avg line is trending up (for at least one month) early in the year.
The Current stock price is trading above the 50 day moving average.
The current stock price is at least 30 percent above its 52 week low. ( 36% above it's 52 week low)
The current price is 96% of it's new high.
Microsoft Corporation (MSFT) Tends To Drop Post-EarningsMicrosoft Corporation has been trending upward as are most stocks and sectors since the U.S. elections last year. Although "good" numbers and much hype surround markets, Microsoft has not had great results after their earnings calls for the last four years. The stock is also at the top of its clearly defined trend channel which has always resulted in a decline over the next few weeks. We have laid out a study of historical movements for the stock in this article. Will history repeat itself again causing a 5% plus drop?
When we look at technical indicators, the relative strength index (RSI) is at 78.4752. RSI tends to determine trends, momentum, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The RSI is currently overbought. This milestone has occurred 112 times and its significance is discussed below.
The positive vortex indicator (VI) is at 1.3159 and the negative is 0.6303. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the stock is moving down. The positive and negative are at somewhat extreme levels away from their central point of 1. Their current retreat back to 1 typically flags the end of the upward movement while signaling a drop for the stock.
The stochastic oscillator K value is 94.8017 and D value is 81.1292. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The stochastic is certainly in overbought territory. The D value is still well below the K value and it could be a few more days before the D is greater than the K. When this crossover occurs, the stock could be ready to drop.
SPECIFIC ANALYSIS
Only one other time since 2000 was the RSI and positive VI at or above today's level at the same time the stochastic oscillator was overbought with the earnings call three days away. The stock dropped 5.21% over the following 14 trading days on that occasion.
The stock has dropped 12 of the last 17 times from its close price three days prior to the earnings call. Of these 12 occasions, the minimum drop is 0.67%, median drop is 4.40%, and maximum decline is 14.97%.
On four occasions since the start of the Dot Com Bubble Burst has the RSI and positive VI been at the same level while the stochastic oscillator was overbought. The minimum days to hit a bottom was 14 and the minimum stock loss was 4.62%. The median stock decline was 5.81% and maximum was 16.54%.
On 12 occasions the RSI and positive VI have been near their same levels are higher while the stochastics oscillator was overbought. The stock has dropped a minimum of 3.03% and median of 5.79% throughout these instances.
The RSI has closed at or above its current level 112 times since 1986. Over the next 30 trading days from this point, the stock does not always drop, the median decline is 6.86% and average loss is 8.68%.
Finally, the stock has been in a discernable trend channel since April 2016. The stock hit the top of this channel on Friday which it has done five other times since it began. The quickest drop from the top has occurred in three days and the slowest bottom occurred in 20 days. The minimum drop from the top of the channel is 3.23%, median is 4.79%, and max is 5.79%.
Between all of the aforementioned historics, we are confident the stock could drop at least 3.5% over the following 35 trading days. The significant drop should take shape after earnings are announced around October 26. Remember, even positive earnings have resulted in declines.
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Your'e welcome.
Lots of potential growth here.
NEO is the ONEI've been away from sharing my charts for a while now, but NEO (previously known as ANS or ANTShares) is the reason I got back.
I've been following this coin since it was 14USD (only a few days ago) and it has exploded to the 50s! It actually had 140+% growth in a week...
It's too soon and we don't have enough history to make proper TA, so I just threw some lines, trends, supports and resistances along with a couple of comments just to fill in the cart requirement.
Why NEO is growing so fast even when altcoins get rekt amid Bitcoin's epic surge?
It is supposed to be technically superior to ETHereum.
Has support from the biggest online merchant Alibaba.
Has support from Microsoft.
Supports C# and Java, many other languages coming up (this is a big one, since developers doesn't need to learn a proprietary language like Solidity with Ethereum).
It's Chinese, and Chinese tend to support Chinese stuff, so we will surely be flooded with Chinese ICOs based on Chinese NEOs platform (yes I know I over-used the word 'Chinese').
I'm into this coin, already made me some interesting profit and I will keep following it :)
Don't you just trust my word, DYOR!
MSFT Always Drops When This HappensMicrosoft has been in a bull trend since 2012. On six occasions through this bull, three of the technical indicators discussed below are at the same or higher levels than they are now. I have laid out the reasons and levels to which the stock may dip while it most likely continues its overall bull trend.
When we take a look at technical indicators, the relative strength index (RSI) is at 75. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. Currently the RSI is oversold.
The positive vortex indicator (VI) is at 1.2626 and the negative is at 0.7155. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The positive VI is currently at an extreme level to which it and the stock always retreats from.
The stochastic oscillator K value is 90.1109 and D value is 87.9759. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The stochastic is currently overbought, and the stock should decline in the next few days.
Since the current long-term bull began, there have been six times when the RSI and positive VI were at or above their current close price while the stochastic was overbought. These occasions led to a drop in the stock. The median drop occurs over 8.5 trading days and results in a 4.34% loss. The minimum drop on these occasions is 3.58%.
Considering the RSI, TSI, VI and stochastic levels, the overall direction favors a move to the downside. Based on historical movement compared to current levels and the current position, the fund could drop at least 3% over the next 28 trading days if not sooner.
To the StratisphereBig project with lots of potential to capture the enterprise level (microsoft).net/c# developers.
Long on Ethereum, the future computer of the worldWith the recent domain expension and future plans, this looks great. The Breakout appears legit, that I could trade without a stop this time ^^
I wish you a good trading, stay safe, stay focused, and don't listen to others, especially me, don't listen to me ^^
Cheers ;)
Having fun :)ETC rebounce to moon with ether or should we head a bit further down ? In any case bitcoin isn't deceiving so far in the trip to the moon :)
Let's see what's next :) French elections, yeah whatever's going on politically, cryptocurrencies seems to be at another level where only technological news matter, it's up to you ingeneers.
Trade good, trade safe, trade happily :)
Cheers !