Microsoft Corp.Long
Oct 8: MSFT ready to explode to the upside
Aug 5 was an important low for tech stocks and many stocks in the market, as shown in the weekly RSI that the drop has corrected the whole rally from 2022.
Since then, MSFT has been going sideways in an ascending channel in two sets of 1-2 waves as shown in the 4 hour chart. This is typical for accumulation or basing before price acceleration in wave 3.
Great buy opportunity here.
Since then, MSFT has been going sideways in an ascending channel in two sets of 1-2 waves as shown in the 4 hour chart. This is typical for accumulation or basing before price acceleration in wave 3.
Great buy opportunity here.
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.