MSFT NO CHANGE IN TARGET381/383The chart posted is MSFT and I had stated that the peak would be 361 area we saw a 366 print this is 1.147 x the drop from 2021 peak to the low nov 2022 212 area . I see this has an abc flat to end a wave 4 from which we should rally to 381/383 in wave 5 of wave B 1.236 =target 381 1.27 is 383.9 so now you have the targets for the last part of the puzzle . I am long calls from 327.9 and 329
MSF trade ideas
Microsoft Challenges Fib 3.618 levelMicrosoft - NASDAQ:MSFT
Expectations were beat across the board today but what does the long term monthly chart tell us? All is revealed in the chart. This is a key moment for NASDAQ:MSFT and a pull back or break through to established new highs wouldn't surprise. I'm happy to wait for the confirmations outlined in the chart. That MACD cross though looks appealing.
Earnings Summary
- Profits jumped 20% to 20.1 b
- EPS: $2.69 / Exp $2.56
- Revenue: $56.19B / Exp $55.49B
- Azure (cloud) revenue up 26% / Exp 27%
Msft gap closeBounced off lower channel late last week after earnings sell off.
Minor time frame you can see the Inverted H&S that form friday, breakout over 342.50 with a 350 target .
You really don't want to see a break down back below 337 but if you bought some time I'd be comfortable with a 335 stop loss or 50sma.
So ...
Long over 338
1st target will be tough to break at 342 because of the prior price action and 20-21 MA/EMA. But once it gets over that
2nd target - 350
MSFT WAVE 5 of 5 has started target 381/383The chart posted is that of MSFT we have now formed a nice ABC decline after hitting the top of the weekly BB bands . we now very over sold and I have moved back into CALLS in msft today at the open . LOOK for msft to rally to 381/383 this should now most likely bring the sp to 4631/4658 and the QQQ to 388/393 I tend to lead toward 391.3
Consensus Trading Model, What to do with MSFTYou can use different trading models and strategies and give them a score, and then use the summation score as a trading model.
Let's do this for NASDAQ:MSFT and compare 10 different models and give a score of +1 score for bullish, 0 for neutral, and -1 for bearish.
Elliott wave: -1
Wyckoff:0
Mean version:0
Regression Channel:-1
Random Walk Index:-1
Price Action to Support and resistance line:-1
Weekly chart:-1
Alligator Method:0
Super trend:1
Money Flow Index:-1
Piotroski F Score:0
Total score: -5
Conclusion: Microsoft is more likely to experience more decline!
Microsoft - Is The Top Already In?One of the key points to Microsoft is it is, in essence, a U.S. state-backed corporation, and one that is trading at more than $2.5 trillion market cap at present.
You're looking at a company that just set a new all time high while the overall market is not healthy and the macroeconomic fundamentals are actually bearish.
And so, we have to seriously ask ourselves if it's time to short God the top.
Microsoft's price action on the monthly is curious.
The price action is healthy and natural all the way from where it bounces to the top, and only becomes curiously strange when it gets to the top.
Why does a stock that bounces at the right place and forms a fully proper reversal pattern, which we see on the weekly:
Only sweep the All Time High?
Why doesn't it raid the ATH and run bigly larger like NVDIA did?
Well, the answer is actually quite clear when you overlay NVDA to MSFT:
In essence, NVDA at $480-450 is MSFT at $350. The difference in price action you see today is because NVDA was relatively weaker in the past, meaning MSFT was inordinately strong in the past.
Anything that reaches an extreme will reverse. If it reaches the extreme twice, it will reverse hard twice.
The geopolitical situation in the world is not healthy. There is a ton of sabre rattling between NATO and the Nation of China at the moment.
The western propaganda machine wants you to believe that Xi Jinping intends to invade Taiwan because he's very evil very super Mao Zedong++, but in reality it's more like the "International Rules Based Order" wants to use the fact that the Chinese Communist Party is rotten and unforgivable as a handle to depose Xi and have Taiwan invade the Mainland under the guise of international "aide".
Why this matters to you as a trader is because you're flirting with getting gapped down hard since Beijing daytime is New York night time.
If you want to be long right now you need to be hedged long volatility, or you're risking your life.
Moreover, Xi, in order to defend himself, his faction of Chinese nationalists, and China's 5,000 year history, can overthrow the CCP in a Gorbachev-style coup overnight, weaponizing the 24-year-long persecution and genocide of Falun Dafa by the faction belonging to former Chairman Jiang Zemin (it died this year).
The significance is major to traders because your beloved governments, banks, and corporations have stained their hands crimson flirting with the Jiang faction toadies in Shanghai (Babylon) in order to get all the benefits they desire.
Google the Neil Heywood story if you want to see a classic example of a British billionaire getting gibbed by the greatest evil of all time.
Much to do before the call's key points.
Before we continue, I examine the price action I expect to manifest in SPY (SPX Futures ETF) for the remainder of the month, which can serve as something of a compass for what lies ahead:
SPY - A Dip Is Coming. Maybe Buy It?
Back to MSFT:
This is a very hard setup to trade
Because the June high may have been a hard top, double and triple top or not (See TSLA July-September '22)
Lower lows lower highs indicates the dip is hard to buy
But the short may only take us to the $320 range.
Sweeping $300 is the key to a bullish continuation above the highs
Maintaining ~$280 is the key to continuing upwards at all.
Microsoft has a really notable catalyst in that its earnings are on July 25 postmarket, which means price action will manifest the morning of July 26, which just so happens to be when the next FOMC meeting is.
After July FOMC the next FOMC is deferred until September 20, 9 days short of quarter end, notable because of the notorious JPM Collar, which I discuss here:
SPX/ES - An Analysis Of The 'JPM Collar'
What I expect is we see a fairly violent correction on Microsoft back to the $300s before we can see any kind of further meaningful flirtation with a run over the $350 ATH.
But the June high may have been the top for the foreseeable future, as evidenced by the relationship between NVDA and MSFT.
Be careful. The time we have left for happy and normal days is so short you can almost count it on the fingers.
When things really emerge, Nasdaq 8,500 will be the least of your concerns, really.
Microsoft (MSFT) Looking for Zigzag PullbackRally in Microsoft (ticker: MSFT) from the 11.4.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 11.4.2022 low, wave ((1)) ended at 263.92 and pullback in wave ((2)) ended at 219.35. The stock rallies again in wave ((3)) which ended at 366.82 as the 30 minutes chart below shows. Wave ((4)) pullback is currently in progress as a zigzag Elliott Wave structure. Down from wave ((3)), wave 1 ended at 352.01 and rally in wave 2 ended at 357.97. The stock resumes lower in wave 3 towards 345.37 and wave 4 ended at 350.56. Final leg wave 5 ended at 339.83 which completed wave (A).
Rally in wave (B) ended at 354.9 with internal subdivision as an expanded flat. Up from wave (A), wave ((a)) ended at 349.9, wave ((b)) ended at 345.07, and wave ((c)) ended at 351.89. This completed wave A of (B) in higher degree. Pullback in wave B ended at 338.56 and rally in wave C ended at 354.90 which completed wave (B). The stock now has resumed lower in wave (C). Down from wave (B), wave 1 ended at 333.11. Wave 2 rally is in progress as a zigzag to correct the decline from wave (B). Expect wave 2 rally to fail below wave (B) high at 354.9 and the stock to reesume lower. As far as pivot at 366.82 high stays intact, rally should fail in 3, 7, or 11 swing for further downside.
How To Add Drawings To Your ChartIn this Tradingview basics video I'm going to show you how to add drawings to your chart using the options available on the left-side rail.
We'll look at not only what the options are, but the benefits of using "stay in drawing mode" as well as how labeling specific tools as "favorites" can save you time when marking up the charts.
If you have any question, comments, or subjects for future "Tradingview Basics" videos please leave them below.
Until next time, "Plan Your Trade, Trade Your Plan"
Akil
MSFT: Bearish Crab with Double MACD Bearish DivergenceMicrosoft has traded up to a 1.618 Fibonacci Extension and has formed a Bearish Crab with Double MACD Bearish Divergence, so long as $350 holds as resistance, I think it could go as low as about $295 to fill the gap below.
In the meantime, I have sold $350 multi-week calls.
MICROSOFT Huge MACD Bearish Cross ahead of earnings. Still buy?Microsoft (MSFT) has been trading within a Channel Up pattern since the March 13 Low, with the 1D MA50 (blue trend-line) supporting all the way, having made no contact with the price at all. You can see that on the chart on the right (1D time-frame).
On the bigger picture, the 1W time-frame (chart on the left), the stock closed last week's 1W candle on a very discouraging Bearish Pin Bar, which is a candle formed on technical trend reversals from bullish to bearish. In addition the 1W RSI remains overbought above 70.00, despite dropping from the even higher levels of May 30.
Perhaps the strongest alarming indicator at the moment showing that the market may have hit a temporary top is the emerging Bearish Cross on the 1W MACD. Since 2020, we have seen that formation another 7 times, with 6 of them delivering a Lower Low. As a result when the 1W MACD Bearish Cross is completed, it will be more probable to see a correction, not necessarily an earth shuttering one.
But back to the 1D time-frame (chart on the right) if that happens, we will wait for a candle close below the 1D MA50 and sell, targeting the 1D MA200 (orange trend-line) on a projected contact at $300. Until this happens though, the Channel Up is on full effect and we are targeting the Internal Higher Highs trend-line at $380.
In the meantime, observe the 1D RSI, which is trading inside a Rectangle for the past 6 months and has offered accurate buy signals at its bottom and sell signals at its top.
-------------------------------------------------------------------------------
** Please LIKE ๐, FOLLOW โ
, SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ
๐ ๐ ๐ ๐ ๐ ๐
Microsoft Earnings tonight - we expect a pullback As earnings expectations are negative we expect some pullback from the highs of the chart this week. we are well prepared to take this trade at 336.5$
Here are the full trade details :
MSFT EARNINGS TRADE :
Waiting on a pullback tonight
Entry at 336.5 (may have a draw down to 333.5)
Take Profit 366 - previous Highest high - left us a big wick on the upside - thats our target
Stop Loss 329 - below previous lower low
366-336 = 30$ profit per share
336-329 = -7$ loss per share
1 lot =100 shares
1 lot at 1:20 leverage = (336.5*100)/20=1682.5
Profit calculation: 30*100 = 3000$
Loss calculation: 7*100 = 700$
R/R : 700/3000 = 1 : 4+
ROI : 1682.5 / 3000 = 1.78 return
This is not a trading advice. this is not a financial advice. trading is a high risk instrument please only trade with money you can afford to lose!
$MSFT #Microsoft Earning PlayNASDAQ:MSFT #Microsoft Earning Play if you have been long NASDAQ:MSFT like we have it is prudent to take profits or if you are in the business of shorting stocks this is an excellent shorting opportunity. Know your target before you make the trade. There is a Double Top where you can stop out if it closes above the double top on a weekly basis.
$MSFT EARNINGS Analysis, Key Levels & TargetsNASDAQ:MSFT Analysis, Key Levels & Targets
Implied move for earnings today is between 324 & 367 (6% move) - so where are you setting your sell orders, lol...
There is a lot of downside that needs to be tested to be solidified for a move higher to be justifiedโฆ
I have no open positions in NASDAQ:MSFT but tracking for SPY & SPX and of course I always may take one if I see a great setupโฆ right now we are equally between the nearest support and resistance levelsโฆ