MSFT: are we ready for the next run to $250+?
Updated
MSFT bulls seem to be building momentum to capture the next range. with good news acting as catalyst (22Bn contract announced) the winds are in their favor
Quick Chart Reading:
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the reason i love this chart is how well-behaved MSFT stock moves - predictable in a good way - no emotional crazy moves :) , and the long term price growth is relatively consistent, especially when you zoom out to the weekly / monthly views.. MSFT is like money in the bank.
- here's another view of MSFT
- i usually inspect both these views as i trade MSFT
- if i'm holding the stock, these views give good insight of when to sell Covered Calls to generate a little more out of the invested capital.
Note
- i mainly use trend, momentum, sentiment and Supply/Demand for my chart analysis and trading
- all indicators in these views are published here in TV, with hopefully good explanation about how to use/read/interpret them
- pls comment if you believe i should post more about how i use these indicators
Quick Chart Reading:
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- the price continues to respect the established channel
- we're heading towards the same target zone from previous chart reading (linked below).
- the initial projected move is to the $252 - $254 range .. around 4% from the closing of the week, and a 10% from the low of the currently established horizontal range.
- from there, the ideal scenario is that the bulls can defend and maintain the new range which may take MSFT up to the $260's
the reason i love this chart is how well-behaved MSFT stock moves - predictable in a good way - no emotional crazy moves :) , and the long term price growth is relatively consistent, especially when you zoom out to the weekly / monthly views.. MSFT is like money in the bank.
- here's another view of MSFT
- i usually inspect both these views as i trade MSFT
- if i'm holding the stock, these views give good insight of when to sell Covered Calls to generate a little more out of the invested capital.
Note
- i mainly use trend, momentum, sentiment and Supply/Demand for my chart analysis and trading
- all indicators in these views are published here in TV, with hopefully good explanation about how to use/read/interpret them
- pls comment if you believe i should post more about how i use these indicators
Note
Target hit -- bull's eye :)
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