MICROSOFT CORPORATION (MSFT) MONTHLY LONGWell, Microsoft Corporation (MSFT) just made it to the $1 trillion dollar mark. And it happens to be worth more than two times of Belgium's GDP. It also happens to be worth more than Appe and Amazon. What a day for them. Well as an investor, you would not want to buy the tops if there are not signs of a continuation. What's worse is that the price is making a parabolic move, reminiscent of Bitcoin. Well i don't think this is a bubble, or that there will be a sharp retracement, but i do expect some form of retracement and new players can buy after this retracement is finished. If the share price does not retrace, you could look at buying a breakout of a certain price level. Today i am not going deeper into technical analysis, but simply reflecting on this milestone. Toast to the equity market.
Munya_elliott
BIDVEST GROUP LIMITED (BVT) 4-HOUR TIMEFRAMEPrice is currently stuck in a small range with support at 18 300 and resistance at 21 920. This will be a risky trade (not that there is no trade without risk) because we will be going against the trend. However, the risk reward of 4.33 gives me the confidence to still take on this position. My entry will be at 21 550. Break a chart!