Microsoft Clearing Resistance Levels With Ease
Microsoft is looking strong and another stock that has performed well following the global pandemic
is Apple. Tech stocks, in general, have seen great results which is also evident by glancing at the Nasdaq Index.
Due to the fact that many people are working from home, it is no surprise that this sector has seen staggering
growth in a short period of time.
In the late stages of June, price smashed straight through the $200 round number, but in July price used that
level as support and is where price formed a base. Momentum started to build and we can see that the buyers
were eventually able to push price higher to eventually create new all-time highs.
This stock has a history of good long-term trends, and we may well see one in play right now. We can never
predict how long a trend will go on for but we must take advantage of the high probability trends that present
themselves to us.
As price broke out earlier this week, we should see this stock continue to fly.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
is Apple. Tech stocks, in general, have seen great results which is also evident by glancing at the Nasdaq Index.
Due to the fact that many people are working from home, it is no surprise that this sector has seen staggering
growth in a short period of time.
In the late stages of June, price smashed straight through the $200 round number, but in July price used that
level as support and is where price formed a base. Momentum started to build and we can see that the buyers
were eventually able to push price higher to eventually create new all-time highs.
This stock has a history of good long-term trends, and we may well see one in play right now. We can never
predict how long a trend will go on for but we must take advantage of the high probability trends that present
themselves to us.
As price broke out earlier this week, we should see this stock continue to fly.
See below for more information on our trading techniques.
As always, keep it simple, keep it Sublime.
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