Microsoft ready for the fight
Microsoft is in a very strong bull long term trend.
Now, we have an opportunity to buy it if the price arrives at 196 or 197 with a very tight Stop loss in 193,5$ and Take profits in the near resistance of 215$. I prefer to take profits a bit earlier, maybe 214$ is a great level to sell.
With this trade I can win 6 times more than what I risk. If the price falls below 193,5$ we will see a major downturn, so it's better to be out of the market.
Now, we have an opportunity to buy it if the price arrives at 196 or 197 with a very tight Stop loss in 193,5$ and Take profits in the near resistance of 215$. I prefer to take profits a bit earlier, maybe 214$ is a great level to sell.
With this trade I can win 6 times more than what I risk. If the price falls below 193,5$ we will see a major downturn, so it's better to be out of the market.
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.