MSFT - 10.43% Profit Potential - Bullish PennantBullish Pennant formed after a modest 9-month rally.
Great risk-reward ratio and target set at a potential formation of a 1-year resistance line.
- Target Entry $252.04
- Target Stop Loss $246.36
- Target Exit 279.40
About me
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
Msftlong
Microsoft: Reliable as it gets! 🙏🙏🙏Is there much to say about Microsoft? Not really, right?! Our technical analysis also reflects this, as we can see that the price is going to strongly increase after already crushing through the resistance at $245.91. From here, there is only one way: up!
Anything you would like us to analyze?
MSFT Reversal Head and Shoulders- BullishAs you can see from the chart, MSFT broke out of a symmetrical triangle formation right around January 20th and enjoyed a very strong uptrend for about a month. We can see a clear break in this uptrend around February 18th just based on price action and we can also see that at this same time our fast EMA's quickly turned silver indicating a weakening of the uptrend. Since February 18th we can see that MSFT has formed a reversal head and shoulders pattern, with the head bouncing perfectly on the previous broken resistance line from the symmetrical triangle formation that it broke out of at the end of January (new support level). In addition to my T.A, I also have a strong price target for MSFT based on my fundamental analysis and believe $275-$300 price target is very possible.
MSFT thoughtsIn a clear uptrend since inception
I wonder how these vital tech stocks will perform in comparison to cryptocurrencies this year
You need computers for cryptocurrency right? MSFT seems like a prime target
I would be long these tech stocks if I could find an easy and appealing investment tool for ones like this one
BUY 1/15 220c $MSFT - Entry 216.73, PT 219.70, SL 214 #options MSFT is hovering at both the 15 minute 200 MA, and the recent strong 216.5 resistance/support level for the past two months. A break here should see a run to 220 where there is bound to be serious resistance. I plan on entering this trade for January 14th, assuming the entry point breaks with reasonable volume and the market is doing well.
Potential MSFT BreakoutPotential bullish breakout on MSFT:
This analysis is purely technical, so be aware of this - MSFT is currently experiencing choppy trading thanks to immense amounts of speculation regarding it's price. Is MSFT overvalued? I'll leave that opinion to your own due diligence. But current evaluations on websites like Yahoo finance are stating that MSFT is overvalued, resulting in investors taking profits and anticipating an entry at a lower price.
However, the charts are showing a potential bullish breakout on MSFT. We are instantly hit in the face with a rather questionable, yet potentially bullish looking wedge on the 1D. The OmniBands are compressing as well, which historically for many tech stocks like MSFT indicate a breakout is incoming.
For those confused on what OmniBands are/what they measure, read this:
*** "There are 2 sets of support (green) and resistance (red) bands. The 'short' more volatile bands render short term price action and weaker levels of support or resistance. The 'long' bands allow you to see the larger and more significant buying and selling zones." (directly from OmniTek Trading's website)
As always, do your own DD.
Happy trading!