Microsoft facing a major SELL
Microsoft is leading the tech industry in so many ways, but the market seems to doubt of its potential.
We are facing a clear head and shoulders pattern than would mean a major change in the trend of the stock.
This could be a major sell opportunity yielding fast at least a 20%.
Current situation
A head and shoulders pattern seems to be unfolding, but we should wait to see a break below the blue support.
If the price stays in the current zone, the best idea is to keep waiting to see where the market goes. If the markets breaks the blue resistence (above the current price), is a good signal that will almost invalidate the head and shoulders bearish formation, but take care because is not a new bull market (yet).
How to trade it?
Keep calm and enjoy the market until the price breaks down the support line. Then, you could earn a 20% return with a 3-4% risk.
Translated, in few days you will be able to collect a 20% return risking 4 to 5 times less!!
We are facing a clear head and shoulders pattern than would mean a major change in the trend of the stock.
This could be a major sell opportunity yielding fast at least a 20%.
Current situation
A head and shoulders pattern seems to be unfolding, but we should wait to see a break below the blue support.
If the price stays in the current zone, the best idea is to keep waiting to see where the market goes. If the markets breaks the blue resistence (above the current price), is a good signal that will almost invalidate the head and shoulders bearish formation, but take care because is not a new bull market (yet).
How to trade it?
Keep calm and enjoy the market until the price breaks down the support line. Then, you could earn a 20% return with a 3-4% risk.
Translated, in few days you will be able to collect a 20% return risking 4 to 5 times less!!
Trade active
Keep it Neutral, MSFT has not followed the last rallies of the market, that could be a sign of weakness.
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.
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.