Hello everyone. My bullish setup of Microsoft(274-280) worked well in the middle of the massive sell-off. You can refer to the related ideas below for more details.
So, What's next for the price?
Weekly: It's definitely bull trend. I used the ema instead my duo MA system layout. Key structures got respected well.
Daily: There are something I want to cover here.
1. Volume spread analysis(VSA): the low volume combined with 2 tried rules indicate the likelihood of buyers to push the price to new highs.
2. Anchored vwap: I chose two place as the start point where both met around $317. On top of that, 318-323 happens to be the nearest control high & solid rally-base-drop supply zone. What's more, it's also the flip zone. We gotta be open our eyes on this area and how price react to it.
3. ABCD pattern: the wick that went beyond the second redline suggested the overaction created by sellers amid the massive sell-off.
I'm still very bullish on Microsoft. I'm confident that trouble zone won't hold it back. If so, it'll just create another buying opportunities for investors.
What do you think? Give me a like if you're with me.
So, What's next for the price?
Weekly: It's definitely bull trend. I used the ema instead my duo MA system layout. Key structures got respected well.
Daily: There are something I want to cover here.
1. Volume spread analysis(VSA): the low volume combined with 2 tried rules indicate the likelihood of buyers to push the price to new highs.
2. Anchored vwap: I chose two place as the start point where both met around $317. On top of that, 318-323 happens to be the nearest control high & solid rally-base-drop supply zone. What's more, it's also the flip zone. We gotta be open our eyes on this area and how price react to it.
3. ABCD pattern: the wick that went beyond the second redline suggested the overaction created by sellers amid the massive sell-off.
I'm still very bullish on Microsoft. I'm confident that trouble zone won't hold it back. If so, it'll just create another buying opportunities for investors.
What do you think? Give me a like if you're with me.
plan your trade and trade your plan
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plan your trade and trade your plan
Penerbitan berkaitan
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.