MSFT March 15, 24: A Failed Breakout

On March 12, 24, I wrote about MSFT as it crossed the trendline with higher than average volume, which provides a buying opportunity.

Later, on March 14, 24, the stock again broke out into the new all-time high, which provided an additional buy point.

You can see these 2 posts below in the related idea section.

However today MSFT , although still looking good, moved down the previous resistance with very big volume which showed that the breakout on March 14, 24 was failed.

I bought the stock on March 12. I also bought some on March 14. But as the breakout failed I sold what I have bought on March 14. I am ready to enter again if the stock move up to new all time high again.

What do you think about MSFT Please share your idea. Thank you

Dagangan aktif:

On March 21, I re-entered again as the stock reclaimed the previous resistance and one more time broke into new high.

Dagangan ditutup secara manual:

Closed the trade as the price closed down below MA-50