Major Head And Shoulders BEARISH pattern on MSFT!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
MSF trade ideas
MSFT at Risk for More DownsideNASDAQ:MSFT needs to do a split. It doesn't have buybacks at this time. It is at risk of more downside until it hits prior lows. Support should kick in at the lows of prior rebound areas. The last earnings report was good. Percentage of Shares Held by Institutions ticked up this quarter.
msft stock daily chartswe can see on the left that miicrosoft has been trneding up with higher highs and higher lows until that flipped zone which i marked out that pushed it down shifting structure.
Now price is rejecting off that level and reaching the 0.5fib, also a demand zone.
However price has been respecting daily bearish gaps thus far
so let's see if this 0.5 fib level holds, if it breaks downwards, then price should go down.
i'm more bearish for now, unless nfp pushes price back up with force
microsoft outlook using smart money conceptsWeekly trend is still up, but fvgs formed on the way down, showing bearish intent
Price swept the 2 april lows' liquidity and then moved back up strongly on 5 aug week, creating a weekly bisi in the process, which is a bullish sign. Now bulls want to see the weekly fvg hold but currently it looks like its not holding. I will remain bullish only if this week's candle closed with lower wick to respect the bisi. Which means nfp has to push price up by a lot, if not, more downside to come
MSFT Price RecapPrice Recap:
After breaking below a long term uptrend on the daily and weekly, MSFT’s price sold to a key demand zone before retracing back to the bottom side of the previous long term uptrend. Price rejected the bottom side of the previous long term uptrend in addition to rejecting a previous key resistance area. MSFT’s price is now consolidating between 405.14 and 425.21.
Trade Idea:
If price continues to sell below 405.14, watch for a move to 398.29 and 389.10. If begins to bounce from this demand point, watch for entries to the high of the current HTF range on. The daily.
Additional Considerations:
- Jeanius buy signal (Monthly and Daily)
- Holding 200ma
- Hovering RSI midpoint
- Possible head and shoulders on the HTF
The shares may return to the 385 USD support levelA head and shoulders pattern appears to be forming on the Microsoft Corporation (NASDAQ: MSFT) stock chart.
The right shoulder of the pattern is currently taking shape, indicating that the stock price could drop to the neckline at 385.00 USD.
A break below this level may lead to a further decline in price to 340.00 USD.
Microsoft risks shown in chartThe biggest stocks in the market, from the technology sector, tops on July 2024. Now they are showing some concerning data. The weak RSI and Fibonacci retracement levels perfectly match previous support and resistance levels. There are also other concerning factors.
Microsoft is showing a weak RSI in the latest move-ups. Maybe it needs to find liquidity in the 0.382 FIB level around 370$.
msft bullishtechnically it seems more bullish than other mega gaps
Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing.
MSFT - MICROSOFT POTENTIAL REVERSAL (HEAD AND SHOULDERS) Dear traders,
keep an eye on microsoft, today is an important day due to NVIDIA's earnings report which could have a negative impact on tech companies if it is not good enough. Microsoft could very well go down to $375, this could generate some interesting buying ideas, I will share my thoughts on buying it.
best
MSFT - Head and shoulders is forming📈 Microsoft (MSFT) Stock Analysis
Let's take a closer look at Microsoft's (MSFT) recent performance. The stock is currently trading at $416.79, showing a slight increase of +0.30%. We're seeing some interesting technical patterns forming:
- Head & Shoulders Pattern: The chart shows a clear head and shoulders pattern, which could indicate a potential bearish reversal if the neckline is broken.
- Fibonacci Retracement Levels: Key levels to watch include 0.236 at $407.82 and 0.382 at $370.78. The stock has reacted previously with these levels, indicating potential support areas.
- Support Levels: Strong support is found around $325.45, which coincides with the 0.618 Fibonacci level.
If Microsoft fails to stay above the neckline, we might see the stock test lower levels, potentially around $340 or even $325. Keep an eye on these key levels for any further movement.