Microsoft (MSFT)
MAG7 breaks to new highs with the NAS100 outperforming The reaction in markets is what interests the most, and on the day, despite US Treasuries finding form, we’ve seen broad USD strength, the S&P500 has pushed to its 55th new all-time high in 2024, while gold and crude are largely unchanged. We also see sizeable dispersions in the daily returns in the crypto space, with XRP and Chainlink arguable the standout plays, with 23% and 41% gains respectively on the day.
In the volatility (vol) space, we see the VIX trading lower at 13.5% - the lowest level since July and at levels more aligned with S&P500 20-day realised vol. Equity hedges have been unwound, which speaks to a market confident of a grind higher into year-end. Another way to visualise the subdued equity vol is in the daily high-low trading ranges, and on the day the S&P500 has tracked a meagre 18-handle range – one of the lowest high-low ranges of the year, and well below the 5-day average of 34-handles.
Removing downside hedges makes sense given the largest drawdown in the S&P500 in Q4 has been 3.1%, and hedges cost money and subtract from performance if equity is moving higher. On the day we’ve seen a solid bid in comms services names (Meta & Alphabet), tech and consumer discretionary – said another way, the MAG7 index (+1.9%) has broken out to a new ATH, with all 7 MAG7 constituents rising on the day. Microsoft and Meta would be my picks that lead us higher from here, with MSFT filling the gap from the 31 Oct, where a break of $432.23 would suggest a continuation rally into $440.
Naturally, when tech and the big discretionary plays are firing up, it’s the NAS100 which has outperformed, and we see NAS100 futures 120p from testing the former ATH at 21,340.
We’ve seen solid moves in European equity too, and notably in the German DAX which is in beast mode and doing everything right technically – happy to hold longs here until the index has a daily close below the 5-day EMA.
French equity is the exception, with the CAC40 closing unchanged, which is quite a solid result given the brewing political angst. Certainly, we’ve seen the political risk expressed in the EUR, which is lower on the day against all G10 currencies, and notably vs the JPY and USD. We can add negative revisions to the French and German manufacturing PMIs, which make for sobering viewing, and the upshot has been broad EUR selling.
EURUSD hit a low of 1.0461 before the buyers stepped in – we can attribute a degree of the move lower to an improved US ISM manufacturing report (at 48.4 vs 47.5 eyed), although we did see some modest USD selling late in the session as Fed gov Waller signalled that he is leaning on a December rate cut and that rates are still “some distance from neutral”. US interest rate swaps now price at 79% chance the Fed cut by 25bp on 18 Dec.
Equity and bond vol may be headed lower, but FX vol is alive and well with EURUSD 1-month implied vol at 8.66% and the 92nd percentile of the 12-month range. Buying EUR vol certainly made sense given the uncertainty of the ECBs (and the Fed’s) next move and the French political risk premium. CAD vols also screen well, with options traders seeing increased movement in USDCAD and AUDCAD.
On the subject of movement, we can always find it in the crypto markets, and while Bitcoin (-2.5%) and Ethereum (-2.7%) take a backseat, it’s XRP that’s getting the lion’s share of trader attention with its punchy 23% rally on the day. The daily chart looks ridiculous and highlights the explosive 450% gain seen since the US election. XRP Volumes are tracking north of SEED_TVCODER77_ETHBTCDATA:5B on the day, which is higher than what’s traded on BTC, with the gains taking its market cap to $134b – the third biggest coin in the crypto sphere.
Grossly overbought, and with a 10-day volatility of 150%, chasing XRP upside from here comes with significant risk and the fact I’m focused on it suggests we’ve likely hit peak sentiment – but as know what is overbought can stay overbought for some time.
Looking ahead, we see a largely positive open for Asia with the ASX200 set to outperform with the index set to open nicely above 8500 and to new highs. Event risk in the session ahead comes in on the light side, with Swiss CPI and US Job openings (JOLTS) the key events on the radar.
Microsoft - Short Term Top Formation!Microsoft ( NASDAQ:MSFT ) could create a short term correction:
Click chart above to see the detailed analysis👆🏻
Almost for the entire year of 2024, Microsoft has been moving sideways and respecting the upper channel resistance trendline. It is quite likely that we will see a correction, considering that buyers are still weak, before we then see the overall trend continuation.
Levels to watch: $350
Keep your long term vision,
Philip (BasicTrading)
Microsoft $MSFT - About to go on another run? 19% UpsideMicrosoft - NASDAQ:MSFT 🖥️
Microsoft with a big statement today for themselves and the MAG7! The runs not over! All MAG7 names are moving higher today and carrying the market.
Is this the beginning of the next leg up for BIG TECH?
Microsoft was forming a nasty H&S on the charts but has formed a Symmetrical Triangle pattern at then same time and is currently breaking out. They also broke out of the WR% downtrend and are launching off the AVP shelf to make a push back to ATH's.
Finally the H5 indicator is pointing upward and working on flipping back to GREEN.
🎯$466 📏$512 ⏳ May2025
NFA
$MSFT H&S top? Large downside move incoming?NASDAQ:MSFT is one of the worst looking tech charts out there.
There's a large H&S top that has formed and if it breaks below that blue trend line it's going to get ugly quickly.
I think it's possible we see a 20%+ decline over the coming months back to that $312-316 level.
1D, 2D, and 1W Heikin Ashi candles are all bearish. It would take a miracle for this stock to turn around.
Let's see if we get a H&S top confirmation.
MICROSOFT: Channel Down bottomed. Bullish wave starting to 540.MSFT is neutral on its 1D technical outlook (RSI = 48.171, MACD = -0.910, ADX = 23.585) as since the September 6th Low it has been ranging sideways. Despite the lack of trend, this price action still hit the bottom of the long term Channel Up and technically the new bullish wave should start. The conditions for that are perfect as the 1D MACD just formed a Bullish Cross. The last bullish wave touched the HH trendline of the Channel Up after surpassing the 1.786 Fibonacci extension. That is our current target (TP = 540).
See how our prior idea has worked out:
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Microsoft Head & Shoulders, $MSFTMicrosoft, the third largest company by weight continues to struggle since July. The troublesome part is that it appears to be building up a massive head and shoulders pattern all of this year. Additionally, the third shoulder is also looking like a huge bear flag and remains weak compared to the overall market.
Microsoft: Progress!The Microsoft stock has now successfully completed wave B in turquoise at $444.95. So, now we locate the price in the subsequent wave C, which is set to finalize the overarching three-part wave in dark green. This suggests further declines, with an ideal low just below $400. Following the low of the overarching wave , Microsoft should initiate a new upward impulse. While there’s a 25% chance that wave alt. in dark green has already hit its low, this alternative scenario will only be confirmed if the stock breaks above $469.55.
MICROSOFT has bottomed. Dont miss this once/year buy opportunityMicrosoft (MSFT) has been trading within a Fibonacci Channel Up since the October 2022 market bottom following the Inflation Crisis. Since the August 05 2024 Low on the 1W MA50 (blue trend-line), the stock has struggled to get detached from it and stage a sustainable rally.
This prolonged volatility can be seen however on both previous Lows of the Channel Up, while the price was attempting to price a bottom. Technically it is around the same levels as February - March 2023 (again below the 1W MA50).
As you can see, this kind of buy opportunity emerges roughly once a year on MSFT and posts a rise or roughly +50% from the bottom, with the last Higher High priced on the 1.5 Fibonacci extension.
As a result, our long-term Target is now set at $550.
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IS THIS MAG7 DARLING ABOUT TO CRASH?!NASDAQ:MSFT
🔥 IS NASDAQ:MSFT ABOUT TO FALL OVER 21%?! 🔥
Let's not panic yet, but Microsoft's weekly charts are flashing some intriguing signals. Here’s the lowdown:
As long as NASDAQ:MSFT stays within its symmetrical pattern, we’re in the clear. But if it breaks downward, we’re looking at a potential 6% drop from the Volume profile shelf and possibly a dangerous 22% plunge, breaking the 2024 Head & Shoulders pattern. Enter the "Low Five Setup"—the bearish counterpart to my "High Five Setup."
Key factors to watch:
- Williams %R: Lower High
- MACD: Dangerously close to crossing below the zero line (BEARISH)
- RSI: Below RSI MA with lower highs, at 46—lots of room before oversold
- Trend: Lower high, red through yellow downward move indicating a downtrend on the weekly chart
Microsoft has been Wall Street’s golden goose, untouched by the FUD that hit the MAG7 stocks. Apple had China FUD, Tesla faced the ELON BAD FUD, Google with AI SEARCH FUD, Amazon with spending and margins FUD, Meta with metaverse spending FUD, and Nvidia with growth concerns FUD.
But as Willy Wonka taught us, every golden goose lays a bad egg sometimes. This is a weekly chart setup, so it will take time to play out. No one's immune to Wall Street’s FUD wrath, not even Microsoft. We shall see what happens...
P.S. I’m not in this name yet—just putting it on your radar. We’re early to the party, just like I always am with my setups. If you’re still here, you value solid, well-thought-out market analysis. Props to you!
Have a great Sunday, friends! 👊
Not Financial Advice #HighFiveSetup #LowFiveSetup
Microsoft (MSFT) Shares Decline Despite Strong Earnings ReportMicrosoft (MSFT) Shares Decline Despite Strong Earnings Report
On 9 October, our analysis of Microsoft (MSFT) suggested that the stock price:
→ Was forming an ascending channel (shown in blue on the chart);
→ Could see a rebound from its lower boundary (indicated by an arrow).
Since then, the price indeed moved upward from this support around the $411 level, even surpassing $437. However, following Microsoft’s Q3 earnings report released post-market yesterday, the share price faced heightened volatility.
In the Q3 report:
→ Earnings per share (EPS) came in at $3.30, exceeding the expected $3.10;
→ Gross revenue was $65.58 billion, also above the forecasted $64.57 billion.
Despite these positive figures, MSFT shares saw a decline due to high volatility during after-hours trading, reaching $444 at one point and then falling to around $410. This drop may be due to Microsoft’s rising expenses. As reported by The Wall Street Journal, Microsoft’s capital expenditures in 2024 have hit $53 billion (about 28% of revenue), a substantial increase from the 12% average of revenue allocated to capital costs between 2014 and 2023.
As of pre-market trading today, MSFT is trading around $417 (approximately -4% from yesterday’s close), likely setting the opening level for today’s main session.
Today’s technical analysis of MSFT suggests that the opening may see a bearish gap, potentially pushing MSFT’s price toward the lower boundary of the ascending blue channel, where a new consensus between buyers and sellers could emerge. This sets up two scenarios:
→ Bulls may see an opportunity for another rebound;
→ Bears could aim for a breakdown of this key support level, with potential testing of the psychological $400 level.
Analyst sentiment remains positive. According to TipRanks surveys:
→ 27 out of 30 analysts recommend buying MSFT shares;
→ The average 12-month target price for MSFT is $503.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Microsoft (MSFT): Can Earnings Sustain the Trend Channel?With Microsoft set to report earnings, investors are keenly watching updates on AI-related spending, especially growth within Azure and Copilot, as well as broader financials. A significant focus will be on capital expenditures (Capex) for generative AI initiatives, expected to rise from $9.92 billion a year ago to an estimated $14.74 billion in this recent quarter. Beyond revenue and earnings, the market is waiting to see how these hefty investments are shaping the company’s growth trajectory.
Technically, NASDAQ:MSFT continues to test the lower bound of its trend channel—a level that may weaken with repeated retests. The stock’s reaction to earnings will reveal if this support can hold. The formation suggests a potential head and shoulders pattern, particularly if NASDAQ:MSFT dips below the neckline support at $388 with declining volume.
For now, we’re maintaining our cautious outlook. If Microsoft fails to hold its key support levels, it may confirm the bearish trend we’ve been observing. As always, we’ll provide updates if any significant developments occur after the earnings report.
MSFT Microsoft Corporation Options Ahead of EarningsAnd when you think about it, everything began with this:
Now analyzing the options chain and the chart patterns of MSFT Microsoft Corporation prior to the earnings report this week,
I would consider purchasing the 430usd strike price Calls with
an expiration date of 2024-11-1,
for a premium of approximately $9.55.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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Mag 7 Earnings - Something will Break (Ceiling or Floor?)797 stocks reporting earnings next week
Notables include
GOOGL
LLY
CAT
META
MSFT
COIN
AMZN
AAPL
XOM
CVX
MA
V
$15 trillion in market cap at play as the US markets are still very close to all-time highs with a melty-uppy vibe. I'm cautiously bullish and could certainly see the highs get blown off with strong earnings momentum dominating the sentiment. I could also see Mag 7 disappoint investors with "not enough growth" and any pullbacks on Mag 7 will certain drag on the entire market.
Survive next week, then it's onto the US Election, FED, Non-Farm Payroll. No big deal, it's just trading :)
Thanks for watching!!!
BIG POST! | How To Beat SP500?
S&P 500 Performance: +35% since 2022.
My Selected Portfolio Performance: +62%, with an 82% hit rate.
Top Performing Stocks: NVDA (+735%), ANET (+343%), META (+209%), and more.
Technical Analysis Tools Used: Price action, trendlines, Fibonacci levels, round numbers, and more.
It’s been nearly three years since I posted my analysis of S&P 500 stocks on February 23, 2022. Back then, I reviewed all 500 stocks, applied some quick technical analysis, and identified 75 stocks that stood out for me. Importantly, I relied solely on technical analysis to make my picks. Fast forward to today, and the results speak for themselves. Most of these selections have significantly outperformed the broader market, proving the power and importance of technical analysis.
While many investors rely solely on fundamentals, technical analysis brings a dynamic edge that’s often underestimated. By focusing on price action and market behavior, technical analysis allows us to spot opportunities that others might miss, especially it gives a massive psychological edge while the markets are making corrections. The market doesn't care what you know, the market cares what you do!
Here’s what I used for my analysis:
It's kind of pure price action - previous yearly highs, trendlines, a 50% retracement from the top, round numbers, Fibonacci levels, equal waves, and channel projections. For breakout trades, determined strong and waited for confirmation before pulling the trigger.
The Results
While the S&P 500 has gained around 35% over this period , my selected stocks from the same list have made +62%! Out of the 75 stocks I picked, 67 have hit my target zones and 54 are currently in the green. That’s an 82% hit rate, and for me, that’s a good number!
Now, for those who favor fundamental analysis, don’t get me wrong, it has its place. But remember, fundamentals tell you what to buy, while technicals tell you when to buy - to be a perfect investor, you need them both. You could hold a fundamentally strong stock for years, waiting for it to catch up to its "true value," while a technical analyst might ride multiple trends and capture far superior returns during that same time. Also, the opposite can happen – you may see a great technical setup, but if the fundamental factors are against it, you could end up with your money stuck in a bad trade.
To put these ideas in perspective, starting with a simulated portfolio of $76,000, where each stock had an equal investment of around $1,000–$1,100, the portfolio is now worth around $124,000. The results are based on buying at marked zones and holding until today. I calculated entries from the middle of the target zone, as it’s a more realistic and optimal approach compared to aiming for perfect lows (which, frankly, feels a bit scammy) to get much(!) higher returns. This method reflects real-world trading.
Before we dive in, here are the current Top 5 stocks from My Picks:
NVDA: +735%
ANET: +343%
TT: +227%
META: +209%
LEN: +164%
These numbers demonstrate the effectiveness of a solid technical strategy. Many say it's tough to beat the market with individual stock picks, but these results show it’s not just possible, it’s absolutely achievable with the right tools and approach.
Now, let's dive into the charts!
1. Apple (AAPL) - a load-it-up type of setup has worked out nicely. Used previously worked resistance levels. If the stocks performing well and the market cap is big enough then these levels can help you to get on board.
Current profit 65%
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2. Adobe (ADBE) - came down sharply, but the price reached the optimal area and reversed.
Current profi 38%.
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3. Advanced Micro Devices (AMD) - round number, strong resistance level becomes support and the climb can continue.
Current profit 101%
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4. Amazon (AMZN) - came down from high prices to the marked levels and those who were patient enough got rewarded nicely.
Current profit 66%
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5. Arista Networks (ANET) - retest of the round nr. worked perfectly, as a momentum price level, after the strong breakout.
Current profit 343%
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6. Aptiv PLC (APTV): Came down quite sharply and it will take some time to start growing from here, if at all. The setup was quite solid but probably fundamentals got weaker after the all-time high.
Current loss -24%
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7. American Express (AXP) - firstly the round nr. 200 worked as a strong resistance level. Another example is to avoid buying if the stock price approaches bigger round numbers the first time. Came to a previous resistance level and rejection from there…
Current profit 104%
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8. Bio-Rad Laboratories (BIO) - in general I like the price action, kind of smoothly to the optimal zone. It might take some time to start growing from here but also fundamentals need to look over.
Current loss 6%
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9. BlackRock (BLK) - kind of flawless. All criteria are in place and worked perfectly.
Current profit 81%
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10. Ball Corporation (BALL) - a perfect example of why you should wait for a breakout to get a confirmed move. No trade.
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11) Berkshire Hathaway (BRK.B) - Buy the dip. Again, as Apple, a big and well-known company - all you need to do is to determine the round numbers, and small previous resistances that act as support levels, and you should be good.
Current avg. profit from two purchases 64%
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12) Cardinal Health (CAH) - the retest isn't as deep as wanted but still a confirmed breakout and rally afterward. Still, the bias was correct!
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After:https://www.tradingview.com/x/83OmlWuv/
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13) Ceridian HCM Holding (DAY) - found support from the shown area but not much momentum.
Current profit 20%
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14) Charter Communications (CHTR) - technically speaking it is a quite good price action but kind of slow momentum from the shown area. Probably came too sharply and did not have enough previous yearly highs to support the fall.
Current loss -10%
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15) Comcast Corp. (CMCSA) - got liquidity from new lows, pumped up quickly, and is currently fairly solid.
Current profit 10%
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16) Cummins (CMI) - got rejected from 2028 and 2019 clear highs, fairly hot stock, and off it goes.
Current profit 80%
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17) Salesforce.com (CRM) - perfect. 50% drop, strong horizontal area, and mid-round nr did the work.
Current profit 83%
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18) Cisco Systems (CSCO) - worked and slow grind upwards can continue.
Current profit 30%
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19) Caesars Entertainment (CZR) - not in good shape imo. It has taken too much time and the majority of that is sideways movement. Again, came too sharply to the optimal entry area.
Current loss -16%
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20) Devon Energy (DVN) - inside the area and actually active atm. Still, now I’m seeing a bit deeper correction than shown.
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21) Electric Arts (EA) - 6 years of failed attempts to get a monthly close above $150 have ended here. It got it and we are ready to ride with it to the higher levels.
Current profit: kind of BE
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22) eBay (EBAY) - it took some time but again, worked nicely.
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23) Enphase Energy (ENPH) - got a breakout, got a retest, and did a ~76% rally after that! If you still hold it, as I do statistics, then…
Current loss -59%
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24) Expeditors International of Washington (EXPD) - kind of worked but didn't reach. No trade.
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25) Meta Platforms (META) - the bottom rejection from the round number $100 is like a goddamn textbook :D At that time 160 and 200 were also a good area to enter. Here are several examples of the sharp falls/drops/declines - watch out for that, everything should come fairly smoothly. Still, it ended up nicely and we have a massive winner here...
Current profit 209%
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26) FedEx (FDX) - I love the outcome of this. Very solid price action and multiple criteria worked as they should. Perfect.
Current profit 60%
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27) First Republic Bank (FRC) - firstly got a solid 30 to 35% gain from the shown area but...we cannot fight with the fundamentals.
Current loss 99%
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28) General Motors (GM) - finally found some liquidity between strong areas and we are moving up.
Current profit 47%
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29) Alphabet (GOOG) - load it up 3.0, a good and strong company, and use every previous historical resistance level to jump in.
Current avg. profit after three different price level purchases 63%
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30) Genuine Parts (GPC) - coming and it looks solid.
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31) Goldman Sachs (GS) - really close one.
Current profit 86%
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32) Hormel Foods (HRL) - quite bad performance here. Two trades, two losses.
The current loss combined these two together is 35%
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33) Intel (INTC) - at first perfect area from where it found liquidity, peaked at 65%. Still, I make statistics if you still holding it then…
Current loss -21%
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34) Ingersoll Rand (IR) - beautiful!
Current profit 144%
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35) Intuitive Surgical (ISRG) - the trendline, 50% drop, strong horizontal area. Ready, set, go!
Current profit 157%
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36) Johnson Controls International (JCI) - second rest of the area and then it started to move finally..
Current profit 55%
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37) Johnson & Johnson (JNJ) - Buy the dip and we had only one dip :)
Current profit 13%
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38) CarMax (KMX) - the area is strong but not enough momentum in it so I take it as a weakness.
Current profit kind of BE
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39) Kroger Company (KR) - without that peak it is like walking on my lines
Current profit 15%
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40) Lennar Corp. (LEN) - strong resistance level becomes strong support. Beautiful!
Current profit 164%
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41) LKQ Corp. (LKQ) - just reached and it should be solid. Probably takes some time, not the strongest setup but still valid I would say.
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42) Southwest Airlines (LUV) - no breakout = no trade! Don’t cheat! Your money can be stuck forever but in the meantime, other stocks are flying as you also see in this post. If there is a solid resistance, wait for the breakout and possibly retest afterward! Currently only lower lows and lower highs.
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43) Las Vegas Sands (LVS) - channel inside a channel projection ;) TA its own goodness!
Current profit 70%
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44) Microchip Technology Incorporated (MCHP) - worked!
Current profit 37%
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45) Altria Group (MO) - got a bit deeper retest, liquidity from lower areas, and probably a second try..
Currently kind of BE
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46) Moderna (MRNA) - "seasonal stocks", again too sharp and we are at a loss…
Current loss -37%
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47) Morgan Stanley (MS) - the first stop has worked, and got some nice movements.
Current profit 62%
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48) Microsoft (MSFT) - Load it up 4.0, buy the dip has worked again with well-known stock.
Three purchases and avg. return from these are amazing 70%
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49) Match Group (MTCH) - it happens..
Current loss -53%
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50) Netflix (NFLX) - almost the same as Meta. Came quite sharply but the recovery has been also quick. Another proof is that technical analysis should give you a psychological advantage to buy these big stocks on deep corrections.
Current profit 153%
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51) NRG Energy (NRG) - Perfect weekly close, perfect retest…
Current profit 90%
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52) NVIDIA (NVDA) lol - let this speak for itself!
Current profit 735%
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53) NXP Semiconductors (NXPI) - usually the sweet spot stays in the middle of the box, and also as I look over these ideas quite a few have started to climb from the first half of the box. Touched the previous highs.
Current profit 74%
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54) Pfizer (PFE) - actually quite ugly, TA is not the strongest. Probably results-oriented but yeah..
Current loss -25%
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55) PerkinElmer - “after” is EUR chart but you get the point.
Current profit 25%
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56) Pentair (PNR) - worked correctly, 50% drop combined with the horizontal area, easily recognizable, and the results speak for themselves.
Current profit 124%
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57) Public Storage (PSA) - again, previous yearly highs and the trendline did the job.
Current profit 36%
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58) PayPal (PYPL) - the area just lowers the speed of dropping, but slowly has started to recover.
Current loss -14%
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59) Qorvo (QRVO) - slow, no momentum.
Current profit 10%
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60) Rockwell Automation (ROK) - previous yearly high again, plus some confluence factors.
Current profit 32%
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61) Rollins (ROL) - after posting it didn’t come to retest the shown area. Being late for a couple of weeks. Worked but cannot count it in, the only thing I can count is that my bias was correct ;)
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62) Snap-On Incorporated (SNA) - same story!
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63) Seagate Technology (STX) - firstly it came there! Look how far it was, the technical levels are like magnets, the price needs to find some liquidity for further growth and these areas can offer it. I like this a lot, almost all the criteria are in place there.
Current profit 73%
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64) Skyworks Solutions (SWKS) - one of the textbook examples of how trendline, 50% drop, round nr. and strong horizontal price zone should match. Still a bit slow and it will decrease the changes a bit.
Kind of BE
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65) TE Connectivity (TEL) - came down, and got a rejection. “Simple” as that.
Current profit 37%
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66) Thermo Fisher Scientific (TMO) - mister Ranging Market.
Current profit 19%
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67) Trimble (TRMB) - finally has started to move a bit. Got liquidity from previous highs again and..
Current profit 45%
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68) Tesla (TSLA) - made a split. Have been successfully recommended many times after that here and there but two years ago we traded in these price levels and..
Current profit 19%
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69) Train Technologies (TT) - dipped the box and off it goes! Epic!
Current profit 227%
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70) Take-Two Interactive Software (TTWO) - I like this analysis a lot. Worked as a clockwork.
Current profit 60%
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71) United Rentals (URI) - WHYY you didn’t reach there :D Cannot count it.
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72) Waters Corp. (WAT) - came to the box as it should be slow and steady. As the plane came to the runway.
Current profit 41%
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73) Exxon Mobil Corp. (XOM) - another escaped winner. Didn’t come down to retest my retest area so, missed it.
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74) Xylem (XYL) - perfect trendline, good previous highs, 50% drop from the peak and..
Current profit 76%
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75) Autodesk (ADSK) - took a bit of time to start climbing but everything looks perfect. Nice trendline, 50% drop from ATH, previous yearly highs - quite clean!
Current profit 66%
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After:
The strategies above show how useful price action, key levels, and psychology can be for investing. By spotting breakouts, and pullbacks, or focusing on round numbers and past highs, technical analysis helps give traders an edge in understanding the market.
Regards,
Vaido