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!