MSFT showing a buy signal on Daily although Weekly view showing capitulation and downtrend has started.
In my opinion, we do not see previous weeks high of $152.50 before going down into Xmas.
White channel was added to pink ascending wedge. Wick down on this week confirmed channel.
Breakdown of white channel around $146.65 will confirm downtrend.
We need to break the 10WeekMA which will occur in 2 weeks or less in my opinion.
Capitulation has started and going back in chart, does not stop until a selloff occurs.
Based on previous trends, we should start accelerating the downtrend into the Xmas week (2.5 weeks).
I am overall bullish on MSFT. However, the chart shows a pullback is warranted. This doesn't mean I don't like MSFT.
I am not active in this position. I am updating for the community.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL, ROKU
In my opinion, we do not see previous weeks high of $152.50 before going down into Xmas.
White channel was added to pink ascending wedge. Wick down on this week confirmed channel.
Breakdown of white channel around $146.65 will confirm downtrend.
We need to break the 10WeekMA which will occur in 2 weeks or less in my opinion.
Capitulation has started and going back in chart, does not stop until a selloff occurs.
Based on previous trends, we should start accelerating the downtrend into the Xmas week (2.5 weeks).
I am overall bullish on MSFT. However, the chart shows a pullback is warranted. This doesn't mean I don't like MSFT.
I am not active in this position. I am updating for the community.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL, ROKU
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.
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.