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Microsoft

MSFT is having a healthy retracementLet’s start with feeding the bears. Microsoft stock might retrace further. On Friday it was slowing down near a support cluster near the 92.00 level, and closed the session below the monthly PP, standing exactly at the support line of the junior channel up pattern (black lines). That support lies there alone and passing that would feed the bears. Meanwhile, the healthiness of the market “drop” “nosedive” “plummeting” (as CNBC and other “experts” (click baiters) call it) can be observed while doing the charting with the most basic tools – channels. Let’s begin by going in from the larger timeframes (I have the chart set on hourly, zoom out). The expectations of big earnings from MSFT caused the pair to break the previously most dominant ascending channel pattern (yellow lines below the stock price). The whole event occurred in the borders of a new dominant channel (blue lines). So….Further one needs to zoom in to see that the last quarter saw the stock surge, which followed the MSFT earning beat in late October (cool jump btw, much money wow so wow!). The consolidation, which followed the earnings eventually revealed the medium scale ascending pattern (purple lines), which is guiding the pair to the upper trend line of the dominant trend. In that pattern we have another one (seriously this is the last one). The black lines represent the junior pattern, which is a result of the whole sentiment that surrounded the Trump’s tax reform starting from December until what we had last week. (Ok, I am getting bored of writing at this point). The stock price will face the support of the junior pattern first thing on Monday. If it finds support in it and moves past the monthly PP, the levels above the 100 will be the next target (btw, the word on twitter is that some group of analysts, handling loads of cash are being long until those levels, as they changed their price target and announced it,but there are buts to such news...). If the price drops below the black support, watch for a rebound. The rebound might begin at any level as low as 88.40 ( when the bears have been fed). However, I presume that the purple support would provide the eventual push upwards. In that case scenario the same targets of above 100 levels would be aimed at. P.S. Remember that large fundamental changes mostly break patterns, so use proper risk management and don’t go long all in like a total “expert.” If Trump does one of his stunts against the markets, we might have just that. (Yes I am refering to that memo and the whole FBI investigation thing.) Yours sincerely, Y
NASDAQ:MSFTLong
by TheYanus
2
Microsoft long-term mega bullAre you still crazy about cryptocurrencies? How about traditional markets, for example Microsoft (MSFT) stock? Cool guys from Redmond are actively developing a lot of new IT sectors, and in the following years their activity should bring great profits to their shareholders. MSFT has entered a new global cycle of growth, which is going to be as exciting as it was in 80s/90s. The rise of the machines and human enslavement will run under good patronage of Microsoft corporation. So, why not become a co-owner of the enslavers, while it's not too late? :)
NASDAQ:MSFTLong
by OmgImTrader
Thought there would be a break down in Iota...So, I see that Iota broke the support level that I THOUGHT was at about 240000 sat. Or maybe I drew it in the wrong place. Or maybe both or neither. I see Iota wants to be strong. I guess we'll just have to wait for the volume. It really didn't react much to the news yesterday where they said, "Hey, you all misunderstood! We aren't partnering with Microsoft. We're just a client." Iota will break soon. I don't think it will break down. It's very strong and I think we've just about exhausted the bears. I feel the longer we are forced to wait, the quicker the momentum will gather when it's run time. I just hope we're moving up. I'm long. Currently in downward leg of very short term upward trend toward the resistance at around 270000. Would someone please tell why I KNOW I'm completely wrong? I should place side bets that all my trades will end up stopping out. I set stops at 30%. I entered this position at $4.60. Can't wait to see how I lose this time. This is not financial advice. I started trading with $2,000 and now have just over $500. If you take this as advice, expect similar results or worse.
BITFINEX:IOTUSDLong
by Imagineth
3
Microsoft Trend ChannelMicrosoft has been following an upward trend channel. It gapped up and broke out of the channel on Oct 27 due to good earnings report. Microsoft held its price and I expect it to continue holding within the channel. I believe a good entry would be as it falls back to the trendline at approximately 76.00. I am watching closely to see if it breaks below the trendline which would be a bearish signal. The Current stock price is above both the 150 day and 200 day moving average. The 200 day moving avg line is trending up (for at least one month) early in the year. The Current stock price is trading above the 50 day moving average. The current stock price is at least 30 percent above its 52 week low. ( 36% above it's 52 week low) The current price is 96% of it's new high.
NASDAQ:MSFTLong
by Tea-Trades