Microsoft Up 1739 Points!
Microsoft has progressed nicely since the last post a week ago, moving up 1739 points
at the time of posting and still moving strong.
Price has not made contact with the weekly 50 simple moving average since March 2020,
but it has been using the daily 20 & 50 simple moving averages as support.
We have been seeing deep pullbacks since 2020, but from June 2021 the behaviour
of price has changed and we are seeing more of a linear clean move.
Earnings came out on July 27th, which didn’t disrupt the flow of price. A mini
consolidation has followed earnings and we now await a breakout above the current
all-time high at $290.
A break and close above the recent high will confirm a trend continuation and a move
towards the $300 round number.
How will price react to the $300 round number? This is anyone’s guess, but the
momentum should take price higher over the long term.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
at the time of posting and still moving strong.
Price has not made contact with the weekly 50 simple moving average since March 2020,
but it has been using the daily 20 & 50 simple moving averages as support.
We have been seeing deep pullbacks since 2020, but from June 2021 the behaviour
of price has changed and we are seeing more of a linear clean move.
Earnings came out on July 27th, which didn’t disrupt the flow of price. A mini
consolidation has followed earnings and we now await a breakout above the current
all-time high at $290.
A break and close above the recent high will confirm a trend continuation and a move
towards the $300 round number.
How will price react to the $300 round number? This is anyone’s guess, but the
momentum should take price higher over the long term.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
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