Watching support level 3 & 4 closely for MSFTThus far, the first 2 support levels has been breached. Next week, we will know if there is buying power to sustain support level 3. If not, we will see the price action revisit support level 4 and if that breaks as well, then it is more conceivable to say that the gap will be filled up.
What causes all this tech shares downfall ?
Some blame it on the seasonality effect (Aug & Sep are bearish months) , others said it is due to China weak economy and stock market that causes the rippling effect.
To me, the reasons are less important compared to utilising the opportunity to accumulate this great company. Of course, it is hard and tough to time the market but the tech sectors have rallied quite a bit since last Oct so a pull back is inevitable.
Coincidentally, the drop from the peak to support level 4 is also around 20% mark which registers a bearish trend for MSFT.
Let's wait and see
MSF trade ideas
MSFT, 10d+/-4.64%falling cycle -4.64% more than 10 days.
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This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
Microsoft -> A Long Term Double Top?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Microsoft💪
On the monthly timeframe you can see that Microsoft stock once again retested the previous all time high at the $340 level and once again rejected it towards the downside.
You can also see that after the recent retracement on Microsoft, MSFT stock is approaching previous structure at the $320 level from which we could see a short term bullish bounce.
And last but not least I am just waiting for the daily timeframe to shift back to a bullish market before I then do expect a short term rejection away from the daily and weekly support area.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
Falling Wedge in Microsoft Technology stocks have retreated this month as the AI frenzy cools. Microsoft, in particular, has pulled back.
The first pattern on today’s chart is the narrowing range since the slide began in late July. MSFT has made lower highs, but lower lows at a shallower pace. That could have produced a descending triangle, which is potentially bullish.
Second, consider the rally between April 25, when results beat estimates, and July 18, when the company announced pricing for its AI services. The current pullback represents about a 50 percent retracement of that move.
Third, the software giant has remained above its 100-day simple moving average (SMA) since January. But now prices are returning to the vicinity of this longer-term trend indicator.
Finally, stochastics have been in oversold territory for more than a week.
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Microsoft future trends will get betterMicrosoft Announces Official Launch of Virtual Machine Azure ND H100 V5 VM Series to Help Organizations Handle Generative AI Tasks More Efficiently
ONE. The most powerful and highly scalable AI VM series to date
ND H100 v5 VM, Azure's most powerful and highly scalable AI VM series to date
This VM supports on-demand configurations of up to 8 to thousands of NVIDIA H100 GPUs interconnected via Quantum-2 nfiniBand network, enabling significantly higher performance of AI models. Compared to the previous generation of ND A100 v4 VMs, this release includes the following innovations.
8 NVIDIA H100 Tensor Core GPUs connected via the next generation NV Switch and NV Link 4.0. In a non-blocking fat tree network, each GPU carries 400GD/s NVDIA Quantum-2 CX7 nfiniBand and 3.2Tb /s performance per VM. The eight ground GPUS in each VM are interconnected via 3.8Tb/s pairs of split bandwidth NV Switch and NV Link 4.0 interconnections with fourth-generation Intel Xeon Scalable processors. PCIE Gen 5 host-to-GPU interconnections are available with 64Gb/s 16-channel 4800 MHZ DDR5 memory per GPU bandwidth.
The new VMs use NVIDIA's NVIDIA Tensor Core H100 GPUs and NVIDIA Quantum-2 nfiniBand networking, Microsoft added, adding that the company is working to add hundreds of thousands of new GPUs to its VMs over the next year
#MSFT Straddle/trade plan Less expensive than previous but still is considerable. Exp date is 15-Sep-23.
We placed both for clarity.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with our own strategy, not in alone.
We do the best research as we can to find new opportunities in the massive amount of information every day to help you make data-driven trading decision.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all!
MSFT approaching supportMicrosoft Corp. (MSFT) approaching channel support, able to absorb weekly selling pressures. From here, (MSFT) can regain upward momentum and trade back to recent resistance, eliciting gains of 15-20% over the following 1-2 months. A settlement above this resistance would lead to a longer-term buy signal into 2024. Inversely, if a settlement below channel support occurs, (MSFT) becomes susceptible to losses of 20% over the following 3-5 months.
The goal of reducing 180$According to the Butterfly pattern, the Fibo perfectly converges the decline to the target of $ 180. We also go down the channel where the lower border of the channel will be. All 3 parameters should be added together. We should reach it by June 2024, there will be a great point for going to long.
MSFT setting up for a "mini" correction MSFT appears to be setting up for a bull run even though it is already exceptionally expensive PE. Regardless of fundamentals such as its massive investment in AI/chatCPT and formidable challenges against Google with its Bing platform, etc
Similar to AMD, MSFT is experiencing negative MACD signals which suggest a relative good buying opportunity is coming ahead, from July 15 at the earliest.
Should MSFT go below 288 / fib 0.786 to rest the last high however will turn out to be interesting. Risk vs rewards.