It looks to me that 
MSFT is in a Falling Wedge Pattern. Often these resolve to the upside. It looks to me that MSFT is testing the top of that wedge now. This may be one you want to watch. I have an alert set for a move over $332.60. If it triggers, I will look at a lower timeframe for an entry. This may have a run-up before earnings which are in about 13 days (I have not verified the date.)
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
According to Investopedia:
Some studies suggest that a wedge pattern will breakout towards a reversal (a bullish breakout for falling wedges and a bearish breakout for rising wedges) more often than two-thirds of the time, with a falling wedge being a more reliable indicator than a rising wedge.
MSFT is in a Falling Wedge Pattern. Often these resolve to the upside. It looks to me that MSFT is testing the top of that wedge now. This may be one you want to watch. I have an alert set for a move over $332.60. If it triggers, I will look at a lower timeframe for an entry. This may have a run-up before earnings which are in about 13 days (I have not verified the date.)Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
According to Investopedia:
Some studies suggest that a wedge pattern will breakout towards a reversal (a bullish breakout for falling wedges and a bearish breakout for rising wedges) more often than two-thirds of the time, with a falling wedge being a more reliable indicator than a rising wedge.
Nota
I did not mention that the most recent low undercut the previous low then rallied setting up a double bottom trade. I missed that one but worth mentioning as technically it is still in play.Dagangan aktif
I am taking a 1/4 sized position into the close as it triggers an entry. Small size for a late day entry.Nota
Dagangan ditutup secara manual
I have closed this small position with a small loss of $1.25 per share. That is only 4/10% loss (.004%). I would usually hold but the market as a whole is not holding up. This is back on the action watchlist.Dagangan aktif
Taking this long again using an area of resistance as drawn on chart. Stop will be just below today's low. Let's see what happens.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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.