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Msftshort

MSFT break out right before earning but will it stick....?MSFT is breaking out of side way trading range since June 2020. It certainly looks bullish on the face value but will it stick. Trading right before the earning is tricky enough but it will be a bull trap if it does fail. If it does turn out to be a fake break out, it will be very swift fall to mid range of the range around $217 support and ultimately to the bottom of the trading range. Given the posture of QQQ, I am leaning more toward that scenario but the price action has been nothing but bullish so it will only be a potential short set up. Nothing actionable and it will be certainly a countertrend trade. Have a good trade, T.
NASDAQ:MSFTShort
by TK0421
Short on open: 209.40 Real-Time Algorithmic Trading Signals. All trades are based on a Geometric HMM. The Ingenuity Trading Model is a Geometric Hidden Markov Model with specific inputs related to Price, Time, Volume , and Volatility . Our Algorithmic Trading Model offers real-time buy or sell signals with specific entry and exit prices. This affords you the freedom to successfully trade across all markets and market regimes. We are not interested in biased economic research or opinions on the latest Wall Street narratives. We do not trade based on conventional financial analysis. Our signals prove the power of taking a more scientific approach to trading the market.
NASDAQ:MSFTShort
by IngenuityTrading
Microsoft Hitting Major Channel Resistance. (MSFT)We all know if you go back in time till now on Microsoft it has an insane parabolic curve. I currently have a channel drawn out between the two lines. Arrows and red line is Resistance. Green line is support. We are seeing the overall trend from the last impulse hit the top level of Resistance in the channel, where we have seen previous good size selloffs occur at. The ema dots are all red and the custom rsi has already dropped off. I'm in favor of a short up here at this top level of range. I think it would be healthy to see a pullback here.
NASDAQ:MSFT
by UnknownUnicorn2319099
4
🚨 Compression On Microsoft! (MSFT)💰 LET'S GET INTO SOME MICROSOFT ANALYSIS!💰 1️⃣ First off SMASH that LIKE BUTTON & Give us a FOLLOW for DAILY ANALYSIS! ❤❤❤ (Overall Market Sentiment) 🐻 Bearish - Currently showing signs of compression at previous structural high. A pullback would indicate a double top. - The candle is still green but is a doji at a very critical price area. Next we want to see it xrop below the green and then the red line for a strong selloff. - All 3 ema dots on the bottom are firing red, indicates a bearish sign. - I will be taking a short here and setting a 1% stoploss. Drop a comment down below and share your chart with us, we would love to see what you think will happen next! 🍻🍻🍻🍻🍻❤❤❤❤❤❤ Thanks for checking out our analysis! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
NASDAQ:AMZN
by UnknownUnicorn2319099
🤔 Hidden Bearish Pattern For Microsoft? (MSFT)🐻 Similar to amazon stock I notice a rising wedge from the main structures. This could lead to a fakeout trap as we approach the upside of previous high and selloff. Patterns do not always mean what they are said to mean in the textbook but we can use them to help us look for our next play. The top of the wedge lines up with previous high. Be cautious. Play short if the bottom support of wedge breaks. You never know we could get caught off guard and the bulls could run it up. Anything is possible. Just manage the risk if it were to flip. Happy trading! ✌😁✌ 🥇MLT | MAJOR LEAGUE TRADER
NASDAQ:MSFT
by UnknownUnicorn2319099
4