Greetings All,
I'm targeting $258 after a healthy retrace of MSFT , based on an eventual retest of resistance (RED line). MSFT could move down further into the bottom of the green channel, but when price is between the 20/50MA or slightly below the 50MA, I use this an opportunity to enter the market if I'm bullish on a stock. I'm bullish on MSFT, based on the bullish divergence (price moved higher; indicator moved lower) on the TTM Squeeze indicator.
Happy Trading!
I'm targeting $258 after a healthy retrace of MSFT , based on an eventual retest of resistance (RED line). MSFT could move down further into the bottom of the green channel, but when price is between the 20/50MA or slightly below the 50MA, I use this an opportunity to enter the market if I'm bullish on a stock. I'm bullish on MSFT, based on the bullish divergence (price moved higher; indicator moved lower) on the TTM Squeeze indicator.
Happy Trading!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.