MSFT: the next buy zone approaches
Updated
solid earnings for MSFT - the market reacted in a neutral to slightly-negative way - possibly because MSFT was already at the top of its established price range / channel and there was no big "WOW's" in the earnings .. other than a continuation of a "strong business story" - that the market didn't find extra exciting. but that "rotation" is actually a good thing :) in my view, and much better than a "to the moon" story that drops back to earth in a damaging way.
the green (inside) channel has been in place since the covid recovery back in April 2020 -- i barely changed this chart since then and the target circle has been there for a long time.
the yellow (outer) channel has been in place since Aug 2015 -- here's the zoomed-out monthly view
we scaled out at the highs ($255 - $257.5) right before the earnings
now we can get ready to scale back in at the new buy zone (the blue rectangle) which we should hopefully see withing the next couple of weeks - or leverage these channels / levels to sell cash-secured PUTs
as i mentioned in prior posts, i love MSFT because it's boring and predictable, in a good way !!
good luck...
the green (inside) channel has been in place since the covid recovery back in April 2020 -- i barely changed this chart since then and the target circle has been there for a long time.
the yellow (outer) channel has been in place since Aug 2015 -- here's the zoomed-out monthly view
we scaled out at the highs ($255 - $257.5) right before the earnings
now we can get ready to scale back in at the new buy zone (the blue rectangle) which we should hopefully see withing the next couple of weeks - or leverage these channels / levels to sell cash-secured PUTs
as i mentioned in prior posts, i love MSFT because it's boring and predictable, in a good way !!
good luck...
Note
we're in the buy zone now
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