Microsoft reboot?

I'm seeing a little diamond top up here. I'm considering short below.. It would be bullish if it broke above but I'm not going long way up here. Watch for MSFT to land on support around the breakout point that descending pattern below.

Nota

let this soak in a little

Nota

there's a possible 80-day cycle low in market that's due now/soon. I've been thinking that we would have some type of september rally in equities so it's possible this goes higher before lower.

Nota

Perfect- waiting for upper trend on this pattern.. also watching the stoch/rsi for confirmation:

Nota

decision time

Nota

Possible break above

Nota

OK FOLKS, DECISION TIME. I'm strangled here- mostly short/put options but hedged a little with cheaper calls if we move up strong. I should make money either direction.. I ultimately suspect main direction is down - even if we get a fake out above. I will most likely increase my short position in any spike above.

Nota

crack..

Nota

I sold half my positon when msft dropped and held the other half.. glad I sold some off. I can't discern where the bottom diamond line is. These are surely the most complex of the patterns to try and trade or identify. This is what most often happens with diamonds.. They tend to be bearish... unless they're bullish and it breaks above :)

Nota

now above? Continuation? I'm not counting on it. I may hold a near end 2020-21 put and wait for correction.

Nota

higher higher higher- Incredible to see how far some of these stocks have gone. I was wrong on MSFT but it still looks like a bubble to me. Volume trend is a red flag

gghsusa

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

gghsusa