MSFT targets still 480 plus The chart posted is that of MSFT and we seem to be in a formed channel and a fib relationship in the channel . I will maintain my view till otherwise Best of trades Wavetimerby wavetimer1
#MSFTit make Rising wedge as Resversal Pattern take care with your stop loss under orange line 388$ by ibrahimtarekibrahim5880
MSFT Paths Ahead of EarningsMSFT is set to report earnings next week as we kick off mega cap earnings season. MSFT just had a fakeout above it's major ascending channel from 2023. It has now fallen all the way back down to the bottom end and even closed below today. It can still bounce, but if not I'll be looking for a move down to $398-$400 at least. That may provide a bounce, but if this channel does break, I would fully expect it to reject if it came back for a retest in the future. This could be a great dip buy if it holds, but I'll be waiting for confirmation and would never recommend buying options before earnings. It's an important watch either way due to the impact it has on NQ and the rest of the market.Shortby AdvancedPlays1
Bullish Outlook for Microsoft Ahead of EarningsIn Microsoft, we see an open volume-imbalance gap at the top of the target range. The market tends to close these gaps sooner or later. In our experience, they are more reliable than “normal” gaps. In view of the technical chart situation and the stable fundamentals, we are bullish on Microsoft ahead of the earnings. Please note: The stop loss shown is merely an idea. Experience shows that market movements at earnings are very volatile. It may therefore make sense to wait until after the figures are published before taking a position.Longby Ochlokrat2
lets make it simple with price actionSince the good entry in the second week of March 2023 price action is respecting the trend line. On friday 29 Sept our position could have been closed if we had a take profit under the volatility stop level (10 lenght 1.5 multiplier) but we should have bought again on Oct 4 2023.Longby gicos0
How Did MSFT Stock Price React To Global Outage?How Did MSFT Stock Price React To Global Outage? On 19th July, a global outage occurred. Numerous computers running Windows worldwide experienced "blue screens of death" (BSOD), affecting companies in different sectors, including airlines, hospitals, media, banks, and others. The outage was caused by a CrowdStrike's Falcon Sensor update, a component of the Windows system that essentially works to protect computers from cyber threats. CrowdStrike quickly acknowledged the issue, stating that it was not a cyberattack but an update error, and suggested a solution. According to CNBC, the large-scale outage did not significantly impact the operation of most financial markets. Representatives of the New York Stock Exchange and Nasdaq stated on Friday that they were operating despite the issues with the CrowdStrike update. The only noticeable unpleasant consequence for most was the inability to calculate the Russell stock indices, including the popular Russell 2000. However, the confusion was resolved later on Friday. At the same time, the large-scale outage affected stock prices, including Microsoft. In pre-market trading on Friday, MSFT's price dropped below $430, but during the main session, the price managed to rise above it. As technical analysis of the MSFT chart shows, the $430 level is important – as it acted as resistance in March-May 2024. Therefore, its role as support might be justified by analysts. Additionally, the MSFT share price is near the lower boundary of the upward channel (shown in blue), which may provide additional support. However, no one can guarantee that the mentioned support levels will lead to a subsequent bullish impulse. On 19th July, we wrote about bearish signs on META stock charts. These are bearish aggression signs, which are concerning: → the price's inability to reach the upper boundary of the blue channel in early July; → a wide bearish gap when breaking through the median on 17th July. Wall Street analysts remain positive for now. According to TipRanks, the average forecast for MSFT is $504.12 (+15.33% from the current price) over the next 12 months. Microsoft's Q2 earnings report, scheduled for release on 30 July, has the potential to significantly alter the balance of sentiments. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen116
Top 7 Books to Learn Advanced Technical Analysis for StocksTop 7 Books to Learn Advanced Technical Analysis for Stocks Mastery of advanced technical analysis is one of the factors that separates casual traders from experienced ones. Financial markets are not simple, so it’s important to understand the subtleties of price movements and chart patterns. This FXOpen article is best suited for experienced traders who already have basic trading knowledge but are looking to delve into advanced technical analysis. We’ve compiled a list of the 7 best books to learn stock trading that explain its complexities and offer invaluable insights and strategies to potentially enhance your trading. What Are the Best Books to Learn Stock Trading? Typically, sketchy knowledge from blogs or YouTube videos won’t be enough to allow someone to understand and improve technical analysis. Then, people turn to reading, trying to find the best books to learn the stock market that are available. The best stock market books are characterised by their practicality, expertise, and ability to provide valuable insights for investors and traders. They often cover a range of topics and are authored by experienced professionals in the field. Below, you’ll see a list of 7 books and their descriptions. 1. The Art and Science of Technical Analysis: Market Structure, Price Action, and Trading Strategies Author: Adam H. Grimes This book is a pioneering work that connects an academic view of markets, technical analysis, and effective trading. It explores why randomness dominates markets most of the time but not always. The author focuses on how technical analysis can be used to identify statistically validated patterns in certain market conditions. In reviews of the work, readers state that the book demolishes TA misconceptions and provides insight into the psychology of market players. The book is supported by extensive research and helps readers recognise technical patterns. 2. The Definitive Guide to Point and Figure Author: Jeremy Du Plessis One of the top books on stock trading is the work of Jeremy Du Plessis. This book is dedicated to technical analysis and Point and Figure charting. It includes a detailed explanation of the history and development of the technique from its invention to the present day and covers the construction of graphic patterns, the reasons for their creation, and ways of interpreting them. According to reviewers, the book provides knowledge that gives you an edge. After reading it, you will no longer look at price targets and risk-reward ratios like you used to. 3. Elliott Wave Principle: Key to Market Behavior Authors: Robert R. Prechter Jr., A.J. Frost, Charles J. Collins This book is a worthy reference for technical traders. It gives a good understanding of the Elliott wave principle, a form of technical analysis that traders use to analyse financial market cycles and trends. It’s not for amateurs, but experienced traders love it. The book is rather specialised as it contains material on one narrow topic, so it’s not a complete guidebook to mastering trading. Nevertheless, it’s very informative and concentrated. Reviewers note that the book teaches readers how to apply Elliott wave theory not only on stocks but also on commodities and forex markets. 4. Encyclopedia of Chart Patterns Author: Thomas N. Bulkowski This book is dedicated to trading on news and significant events, including quarterly earnings announcements, retail sales, and stock upgrades and downgrades. It offers empirical data illustrating the effectiveness and ineffectiveness of the patterns. The Bulkowski Encyclopedia has been a bestseller for a long time, and now the author has released an updated, improved version and added many new patterns and strategies, as well as updated market statistics. Everything you will read in the theoretical part is backed up with figures and calculations and validated. 5. Technical Analysis Using Multiple Timeframes Author: Brian Shannon This is one of the books for the stock market dedicated to many aspects of trading at once. You will learn how you may enter established trends with low risk, recognise and take advantage of cyclical capital movements in all markets, evaluate the potential of a trade using technical analysis, and much more. Reviewers mention that it provides powerful insights into how to use different timeframes to determine trends, confirm signals, and manage risk. The book is not complicated, but it is suitable for experienced traders, as it collects and systematises a huge block of information about the market. 6. Beyond Candlesticks: New Japanese Charting Techniques Revealed Author: Steve Nison This book provides a detailed analysis of Japanese candlestick charting techniques and how to use them in technical analysis. It discusses how to use candlestick patterns to identify trends, confirm signals, and manage risk. Readers value its step-by-step instructions, detailed charts and graphs, and clear guidance on tracking results. Moreover, the book helps readers understand the psychology of traders in the stock market and the logic behind their decisions. 7. Effective Trading In Financial Markets Using Technical Analysis Authors: Ashish Kyal, Smita Roy Trivedi Along with other books in this list, the work of Ashish Kyal and Smita Roy Trivedi explains how to use technical analysis in financial markets. It covers technical analysis tools, backtesting, and algorithmic trading in detail. It teaches readers how to use technical indicators and chart patterns, confirm signals, and manage risk. Readers say that it’s written in simple language, and there are multiple examples, case studies, comparisons, and figures for different assets and markets. Unlike many classic trading books, this work focuses a lot on the Indian market. It will be useful to those who are interested in that region. Final Thoughts It’s not an easy task to list the best books for trading in the stock market. If everything is clear in terms of materials for those who are just entering the world of trading, advanced books are harder to choose. Experts say that if you already have background knowledge, you can select books that either combine and systematise information about trading or deal with one specific area in detail. The more you read, the more experience and skills you will gain. And if you want to put your knowledge into practice, you can open an FXOpen account. Log in to the TickTrader trading platform to see real-time asset charts and try out your strategies. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.Educationby FXOpen3353
MSFT: A Potential Buy Amid Market Volatility.Given the current technical indicators and market conditions, here is a speculative trading strategy for MSFT: Long Position: Entry Point: Consider entering a long position if the price approaches the strong support level around $418.53. Price Target: Aim for the resistance level at $455.40 initially, with a potential to reach $492.85 in the medium term. Stop Loss: Place a stop loss at $410 to mitigate potential losses. Short Position: Entry Point: If the stock breaks below the $418.53 support level, consider a short position. Price Target: Target the next support level at $390.10. Stop Loss: Set a stop loss at $430 to limit potential losses. Examining the candlestick patterns, MSFT has displayed a series of red candles with significant upper wicks, suggesting persistent selling pressure. The price action reflects a bearish sentiment in the short term, but the long-term trend remains bullish, supported by the company’s robust fundamentals and continuous growth in its cloud computing division, Azure. by AxiomEx0
TW Fib Dragon LONG Setup MSFTGolden Zone Entry - 418.71 Stop Loss - 388.03 Options: 1 Strike OTM 1-2 Weeks out Adjust depending on your risk - I will update yall when I get filled Drop a LIKE for more of these FOR FREE!by tradingwarzone119
MSFT expected correction and buying areaDue to a piercing candle pattern and completion of 5 wave impulsive Elliott wave pattern, I expect Microsoft to correct to price levels below in black from where I expect it to rally to new all time highShortby heshamahli2
MSFT to retest 438Historically, The past 2 times MSFT extended past the 1.618 fib of previous range, Price came back down to the 1.618 and retested it. IMO NASDAQ:MSFT is headed back to the 1.618 fib at $438Shortby CoinObservatoryUpdated 2
Buy the dip, trade the trend, and react to some bad news.>>#MSFTBuy the dip, trade the trend, and react to some bad news.>>#MSFTLongby OhmJeerasak2
MSFT support 438.8 .382/50% =wave 4 5th ahead 473/488The chart posted is that of MSFT we have now dropped .066 % and this is equal to the last wave drop making waves 2 and 4 equal .And the drop is .50 % of the rally from 404.5 to the peak 469.25 and we are also at .382 of the rally from 388 low april , if we break here I would look for the decline to drop to 431.5/428.8 before we turnup and see the last up phase in the Bull market targets are from 473 to 488 I lead towards 481by wavetimerUpdated 1
Go Long, Go Wealth (Microsoft)Microsoft made a significant move today. Based on my analysis, the price is expected to retrace to either the $438 or $429 level. I anticipate that the price will stabilize at one of these levels before a potential reversal occurs. Although I am not directly trading MSFT, I have invested in SPUS, which is following a similar trajectory.Longby AMianz113
Microsoft CorpPrice is consolidating in the range of 450 - 455 for the past few days. Near by support is at 448 and resistance at 460. Buy above 455 with the stop loss of 451 for the targets 459, 463 and 468. Sell below 446 with the stop loss of 450 for the targets442, 438 and 434. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.by vanathiUpdated 4413
MSFT: Technical Weakness Ahead of EarningsNASDAQ:MSFT reports next week but is having some selling pressure ahead of its report. The two very small-bodied indecision candlesticks with wicks and tails, and now followed by a larger down day, indicate weakness for potentially more downside. However, because weak to moderate support levels are not far off, selling short is not a good idea for swing traders. by MarthaStokesCMT-TechniTrader0
MSFT breakdown possible 450.50 below breakdown possible need to sustain below trendline expected to test this level 449.50/448/446/443/440/433 Shortby Equity_Research_Analyst-02111
End of Microsoft Bull Run ReachedFrom Left to Right: 1. Horizontal Resistance off of Doji High. 2. Price falls to 200 EMA. 3. Trend-Based Fib Extension is drawn from Bullish Engulfing Pattern Low at 200 EMA to Doji High (confirming previous Doji resistance), and finally down to Bullish Engulfing Pattern. 4. Price broke out of the $340 horizontal resistance and hit Yearly Fibonacci Pivots targets R1 & R2. 5. Trend-Based Fib Extension targets 0.786 & 0.886 reached. 6. Monthly Fib Pivots targets R1 & R2 reached. 7. TD Sequential 9 Sell Signal.Shortby zerocashcoolUpdated 220
MSFT Ascending Wedge FakeoutMSFT had a fake breakout above its major ascending wedge from October 2023. Like I always say, fakeouts typically lead to a hard reversal in the other direction. First downside target for me is $430 or the bottom end of the wedge. If the wedge breaks to the downside, $390-$400 is next. If it breaks to the upside, I'd be looking for longs on pullbacks to support, such as a retest of that trendline.Shortby AdvancedPlays111
Potential low for MicrosoftPotential low of Microsoft spotted on 4 Hour chart.... Lets see how this will look like for the next few days. Best of Luck!Longby Ck_LyeUpdated 0
Defining New Heights for MSFTIf we check a logarithmic chart, NASDAQ:MSFT has been in an uptrend corridor since 2000. A few days ago, after several attempts, it finally broke the line and is now reaching new highs. As a new bottom, I would consider the support at 432 or possibly at 366. For now, it is moving within a small uptrend corridor between 444 and 454. It has good fundamentals and healthy technical movements. End of the year target is at least 580.Longby InnaroUpdated 223
Is There the Best Time to Trade Stock CFDs?Is There the Best Time to Trade Stock CFDs? If you ask experienced traders, many will say that they trade on certain days or at certain times of the day. Their choice is determined by the market dynamics, volatility, and liquidity. It’s crucial to understand when the best time of the day, week, and month to trade stocks may be. This FXOpen article delves into the intricacies of timing, which may help traders optimise their strategies for greater effectiveness. Is There the Best Time to Day Trade? The operational hours of stock markets vary according to their respective time zones, resulting in differing opening and closing times. For example, the US stock market opens at 9:30 and closes at 16:00 local time, while the UK market opens at 8:00 and closes at 16:30 local time. The theory states that to identify potentially the best time frame for day trading, many traders break the day into four blocks, such as the opening bell, mid-morning, lunch hour, and afternoon, and look at the advantages and challenges that each timeframe presents. Opening Bell The opening bell sets the tone for the day, marking the beginning of market activity. As the market opens, there is a surge in trading activity. Traders react to overnight news, economic reports, and pre-market movements. The opening bell often brings increased volatility and liquidity. Many traders believe the opening bell may be the best time of day to buy stocks if positive news is released after the market closes. Some traders prefer scalping because short-term price fluctuations offer numerous entry and exit points. However, high volatility brings increased risks. Adjusting position sizes and using appropriate risk management strategies are critical during this period. Midday At midday, volatility tends to decrease. Midday trading usually exhibits more consistent patterns compared to the opening or the final hours of the day. Some traders prefer to rely on technical analysis and historical data to identify trends. This part of the day is commonly used for planning, given that a substantial portion of the day's news has already been incorporated into stock prices, so traders analyse markets and try to identify future trends. Lunch Hour The lunchtime lull is characterised by a decrease in trading activity. But if your lunch is earlier or later, it’s essential to adapt your trading strategy to this reduced activity. With lower trading volume, executing large trades becomes more challenging. Strategies for handling low activity may involve adopting longer timeframes or refraining from aggressive trading. Some traders adjust position sizes and become more cautious when entering the market to avoid significant slippage. Afternoon Some traders use the afternoon as the best time to sell stocks during the day if the price of the stock has risen. They sell it and go to bed without worrying about a drawdown during the night. And if this happens, they can buy the stock again in the morning at a lower price. Late-day trends and reversals may offer favourable opportunities for swing traders. They can capitalise on price movements by holding positions overnight. Effective position management, including setting appropriate stop-loss and take-profit levels, is critical with this strategy. Trading on the TickTrader platform, you will have access to accurate price data and comprehensive charts with numerous technical tools that may help you decide what to do with a particular stock (buy, sell, or hold). What Days Traders Usually Trade Stocks Moving to a larger scale, it is important to decide which days of the week you are going to trade. Remember that there is no specific best day of the month to buy or sell stocks because the decision to trade depends on market trends, economic conditions, and individual company performance. Monday There may be events or news over the weekend that affect market sentiment. Traders react to the weekend news when the markets open on Monday. This is why Mondays see more volatility than other days of the week. Additionally, institutional investors make significant trades at the beginning of the week based on their analysis of weekend news. Just like the first few hours after opening, the first day of the week may be more appropriate for scalping and news-based trading. However, this depends on current market conditions. Traders consider economic indicators, company fundamentals, and the most recent news. Midweek (Tuesday to Thursday) The middle of the week usually provides consistency, giving room for strategic trading. Tuesday, Wednesday, and Thursday trading may have a more stable rhythm than the beginning and end of the week. Traders take advantage of well-established price trends. It may be easier to find patterns and trends at this time. Nevertheless, traders always remain alert to mid-week news and events. Friday On Fridays, traders and investors tend to close positions before the weekend. They may sell their assets on Friday to lock in potential returns before the weekend. Additionally, some traders believe that it’s a good day to buy stocks that have dropped in price earlier in the week. Closing or adjusting positions on Fridays is a common practice to reduce the risk of potential gaps over the weekend. Risk management tools are widely used as the market may open with gaps after the weekend. Evaluating risk tolerance is a crucial step for traders around the globe to consider. However, not all market participants choose a single day for trading. They believe that there are the best stocks for day-to-day trading. Is There the Best Month to Trade Stocks? Historically, the best months to trade in the stock market have been October, November, and December. This is because these months tend to have higher trading volumes and more positive market performance due to end-of-year financial reporting and holiday shopping. Still, there are three key points that are associated with trading opportunities in different months. - Seasonal trends. Historical patterns show that specific sectors tend to outperform or underperform in certain months. Seasonal fluctuations can affect sectors in different ways – changes may be different in the agro-industry, tourism, and manufacturing. - Earnings season. The earnings calendar becomes a critical tool during the earnings season. Traders plan their strategies around key earnings announcements, as these events can trigger significant market movements. - Year-end trading. Market participants often reassess their portfolios towards year-end, considering tax implications and making strategic adjustments. Rebalancing portfolios at the close of the year is a common practice. Final Thoughts Trading stocks on a specific day of the week or during certain hours doesn’t guarantee returns, as the stock market’s behaviour is influenced by various factors, and past performance does not necessarily indicate future results. However, there are patterns that are seen in the market year after year, and trading at certain times of the day or day of the week can be justified. If you are interested in trading stocks via CFDs, open an FXOpen account. FXOpen offers a gateway to the dynamic world of CFDs, allowing you to trade with tight spreads and commissions from $1. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.Educationby FXOpen115
MSFT: Potential Top SignalThe daily chart of MSFT highlights a potential top signal characterized by a bearish candlestick pattern following a strong uptrend. This signal indicates a possible reversal or at least a significant pullback. The bearish candlestick pattern near the top suggests that sellers are gaining control after a strong bullish run. A key level to watch on the daily chart is the bullish rejection support line at $458.97, which is the low of the previous bullish candlestick. The 21-day EMA is another critical support level that can provide additional confirmation of the trend direction. The hourly chart provides a more granular view of the recent price action, showing a bearish pivot point around $464.47. This level marks the point where the price has shown a significant rejection, forming a lower high and a subsequent lower low, indicating a bearish trend in the short term. The red arrows on the chart highlight the direction of the recent downward movement, suggesting continued bearish pressure. The potential top signal on the daily chart and the bearish pivot point on the hourly chart indicate a possible continuation of the downward movement. If the price breaks below the $458.97 support line with increased volume, the 21 EMA (D) will be its next technical target. If the price manages to hold above the $458.97 support line and shows signs of reversal, such as bullish candlestick patterns, it could indicate a resumption of the uptrend. It all depends on how it’ll react now that it is approaching its key support level. In summary, MSFT is showing potential bearish signals with a top signal on the daily chart and a bearish pivot point on the hourly chart. However, key support levels need to be monitored for any signs of reversal. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.by Nathan_The_Finance_Hydra3312