Msft Looks like 334 could be some solid reistance. We are on a breakdown of a smaller trend support. Could come into 315 if we stoploss above 337 and ride this down into 320-315 we could see a 10-12$ profit margin with a 3-4$ risk. That’s pretty solid. I think we get a big correction coming but key support for next long is 315 area
MSFT trade ideas
MSFT Potential EW Count: ShortIn addition to my previous call for MSFT to crash, admitting to forcing the count and ending-diagonal pattern, here is another reference to how the EW counts could be. I've provided the sub-counts for the primary wave 1,3, and 5 and also the Fibonacci extension levels.
In summary, if this count is correct, the bear market has finally started and we will see a sharp move down very soon.
Good Luck!
6 Big Tech Stocks | $QQQ Weekly consolidation Price Trend Guide- QQQ & Sp500 weekly time frame consolidation, low of consolidation likely not set yet, need hourly trend changes back to the bulls first
- TSLA stock confirmed bear break H&S pattern
- NVDA stock broke 420 support and flushed 400 psychological support break than its 394
- AAPL EMA 12 daily and 2D still full bull control
- AMZN bull break to 52 week high lack follow through
- GOOGL continuation of daily downtrend
- MSFT joined team bear with GOOGL confirming its first daily downtrend.
MSFT Microsoft's ChatGPT VS AMZN Amazon and GOOGL GoogleIf you haven`t bought MSFT here:
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Revolutionizing Search and E-Commerce:
One significant advantage of ChatGPT is its potential to transform the search landscape. Users seeking specific information or products can engage in natural language conversations with the chatbot, refining their search queries and receiving highly relevant results. This conversational search experience, powered by ChatGPT's contextual understanding, could entice users to migrate from traditional search engines to Bing, fostering market share growth for Microsoft.
In the realm of e-commerce, the integration of ChatGPT holds tremendous potential. Users could leverage the chatbot to interactively explore product options, compare prices, and access personalized recommendations. By providing a seamless and intelligent shopping experience, Microsoft can challenge Amazon's dominance, especially if concerns over pricing and product origin come into play. Microsoft's commitment to transparency and user control over data privacy may also resonate with consumers who prioritize these factors in their online shopping decisions.
If I had to buy some options, that would be the following Calls:
2024-1-19 expiration date
$350 strike price
$21.85 premium
Looking forward to read your opinion about it!
MSFT short positionOn the chart we can see the main resistance (red) and several supports levels (green).
As the Relative strenght index remains strong we expect the price to continue higher and reach the resistance.
Stop loss: 359.9 USD
Target:315.72 USD
We would enter a short position once the price reaches the resistance line.
MSFT WEEKLY DOUBLE TOPGood chance that tech is finally starting to get exhausted. A nice double top pattern is starting to form on this tech giant, MSFT. Implications would point towards a pullback in July giving bulls another opportunity to go long at a more fair value on some of these mega caps. Otherwise, we could have some more headwinds after most mainstream media outlets have called this the end of the bear market. Are they right?
Good luck.
Thanks,
MSFT Short: Forcing a countI've been trying to see if MSFT has topped. But the primary counts (not shown) signals that the recent 3 days down could just be a correction.
So I have to activate the alternate count here and use it as my primary.
The chart shows a potential ending diagonal. If this count is correct, we have just seen MSFT broke the support trendline yesterday. And if this is genuinely an ending diagonal, we should see price quickly falling.
For those who are unfamiliar with ending diagonals, they usually precedes sharp moves up or down. In my experience, it ALWAYS happen. If it didn't, it means that it is not an ending diagonal. But as with Elliott Waves analysis when you are doing your analysis on the right side of the chart, you wouldn't know until things will actually unfolds. Like I said, this was actually an alternate count. And I am forcing this alternate count as I have a negative bias on the markets now.
Keep an open mind. Take this as a reference.
Good luck!