MSFT does not look good on any time frames really, except for the super long term ones, where it's obviously trending up, uptrends have been broken.
The uptrend from April is broken, the $430 support level is broken. Now it's consolidating and forming a bear flag near last week's lows around $417. My short target is the $400-$396 area. To the upside, it has resistance at $430 and that trendline from April. I'd expect both of those to fail on retests, if it's able to reclaim then it would be time to look for longs IMO.
The uptrend from April is broken, the $430 support level is broken. Now it's consolidating and forming a bear flag near last week's lows around $417. My short target is the $400-$396 area. To the upside, it has resistance at $430 and that trendline from April. I'd expect both of those to fail on retests, if it's able to reclaim then it would be time to look for longs IMO.
You reap what you sow.
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Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
You reap what you sow.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
VIP Lifetime Access Program:
ko-fi.com/c/0cb5bf9514
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky! Most traders lose money.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.