MSFT trade ideas
Toppy?Looks a bit like an H&S but a small one. Use your own judgement.
Targets in green were calculated for a break out from the cup but did has not happened.
H&S are measured from the neckline to the head of the pattern. Then that measurement is projected down from the neckline for a 100% fall ( would take price down to a gap fill if this indeed breaks the neckline). Keeping in mind that a security could fall more or less than 100%. The neckline is strong support until broken with a downtrend
I see conflicting earnings dates/7-25 and 7-27 AMC.
No recommendation.
Microsoft ready to drop 30%- MSFT has been on a TEAR in this B wave trying to surpass last resistance levels, but this tends to happen with B waves when you look at the history and overall charts of B waves. The blue lines are where resistance is and we still have not fully closed over the blue zone.. until then we are set up for a brutal C wave to come and bring us back down to support levels of last year.
I would definitely be cautious at this price level if you are a buyer.
Part 3 of 7 Mega Tech & QQQ Sp500 Stocks | Key BATTLE zone- QQQ did not set a new high after this move which is the first time in a while so theres a chance for bears to set a daily lower low but they need to show up fast or we are likely heading back to 52 week highs
- Team Clear Bull: TSLA AAPL MSFT
- Team Middle META AMZN
- Team indecision: NVDA GOOGL
- no Team Bear until i see some notable downtrends confirming on these big tech stocks
MICROSOFT Remains a buy as long as the 1day MA50 holds.Microsoft / MSFT turned sideways inside the 4 month Channel Up after it hit the 350 Resistance (and All Time High) and got rejected.
The price is now approaching the bottom of the Channel Up and the 1day MA50.
The 1day MA50 has been supporting since January 26th.
As long as it holds, buy and target 360.
If the price closes a 1day candle under it, sell and target 315.
A closing under the 1day MA100, can initiate a bearish reversal.
Notice: the 1day RSI is holding its Rising Support, keeping the momentum bullish.
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CUP & HANDLEEarnings estimated 7-27 AMC. R=Resistance
Price has tried to break long entry level which is a slight bit above the left or sell side of the cup.
Recent ATH but pulled back in a short amount of time without truly breaking out which is known as a Throwback.
Price must break EL with an uptrend.
If T1 is met and price continues up, one would look to T2. Then if T2 is passed, T3 could be a possible goal and so on. A long the way, folks need to look for sell signals be it moving averages, overbought status, horrible candles like shooting stars or whatever sell signal one uses.
Some would just tighten their stop to a very tight stop to avoid losing their gains but not miss further upward movement as, unfortunately, there is no foolproof way to know what will happen.
No recommendation
“The intelligent investor is a realist who sells to optimists and buys from pessimists.”
Benjamin Graham
MSFT ShortEarning 4/25/2023 After Market. (Positive)
Open GAP and ran into Supply Zone, sell pressure confirmed Supply Zone.
Short Sell 296
Stop 301
Target 270, 250
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.