Microsoft Trading A Complex Corrective CycleIn this update we review the recent price action in Microsoft and identify the next high probability trading opportunity and price objectives to target
Microsoft
Elliott Wave View: Microsoft (MSFT) Looking to Extend the Next LCycle from 12.13.2022 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 12.13.2022 high, wave 1 ended at 233.87 and rally in wave 2 ended at 245.77. Internal subdivision of wave 2 unfolded as a zigzag structure. Up from wave 1, wave ((a)) ended at 240.87 and pullback in wave ((b)) ended at 233.94. Final leg higher wave ((c)) ended at 245.77 which also completed wave 2. Wave ((c)) unfolded as a 5 waves diagonal where wave (i) ended at 240.8 and wave (ii) ended at 233.94. Wave (iii) higher ended at 241.92, pullback in wave (iv) ended at 236.66 and final leg higher wave (v) ended at 245.77.
The stock has resumed lower in wave 3. Down from wave 2, wave (i) ended at 237.40 and rally in wave (ii) ended at 241. The stock resumed lower in wave (iii) towards 225.96 and rally in wave (iv) ended at 229.89. Wave (v) lower is expected to end soon which should end wave ((i)) in higher degree. Afterwards, expect wave ((ii)) rally to correct cycle from 1.3.2023 high before the decline resumes. Near term, as far as pivot at 245.77 high stays intact, expect rally to fail in 3, 7, or 11 swing for further downside. Potential target lower is 100% – 161.8% Fibonacci extension from 1.3.2023 high which comes at 195.9 – 215.
🚘 Tesla Is Leading The Stock MarketJust as we believe that bitcoin will bottom before the S&P 500 Index, in the same way we believe that Tesla will bottom before the other major tech giants.
At present time going down fast and strong would seen like something really bad.
A stock dropping is surely bad for the investors but these markets move in cycle, they go up and down, up and down...
At a later point in 2023, things will turn around.
You will see the Tesla (TSLA) stock growing while other tech giants such as Apple, Microsoft and Google will still have a long way down to go.
This will be a positive for Tesla investors, as they will be seeing their stock growing while everything else is still searching for a market low.
Out of crisis, opportunity comes.
Once we hit bottom, the only place left to go is up.
This major downturn we will see in 2023, we will turn into a positive once it is over and done.
We learn from mistakes.
Out of tough situations innovation and evolution is the result.
Look at Bitcoin/cryptocurrency as an example, it is the result of the 2008/09 fiasco.
Namaste.
MSFT continuation wedge (bearish)This is a Continuation Wedge Pattern, Medium-term Bearish. The inbound duration took about 64 days.
the expected pattern duration *from the break of the wedge*, is roughly 22 days. with a target price anywhere around that 200 area. say 199 - 207
i dont want to keep boring you soo, i hoped you enjoyed this, and if you did could you kindly smash like!
Happy Christmas and hope have a wonderful new year. thanks for reading. thats all from me, Happy Trading my friends.
Buying MSFT break of recent high.Microsoft - 30d expiry - We look to Buy a break of 253.11 (stop at 243.98)
Prices have reacted from 213.43.
Posted a Double Top formation. 250.58 has been pivotal.
The previous swing high is located at 253.00.
A break of the recent high at 253.00 should result in a further move higher.
Short term momentum is bullish.
The bias is to break to the upside.
Our profit targets will be 274.98 and 279.98
Resistance: 250.00 / 260.00 / 267.00
Support: 235.00 / 220.00 / 210.00
Disclaimer – Saxo Bank Group.
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Microsoft bottomed out?Microsoft - Medium Term - We look to Buy at 252.55 (stop at 236.92)
Price action looks to be forming a bottom. A bullish reverse Head and Shoulders has formed. Neckline comes in at 256.15. We have a Gap open at 252.54 from 12/12/2022 to 13/12/2023. Further upside is expected although we prefer to set longs at our bespoke support levels at 252.55, resulting in improved risk/reward.
Our profit targets will be 298.90 and 310
Resistance: 263.92 / 266.65 / 267.45
Support: 252.55 / 242.21 / 238.21
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Microsoft Corp. Goes Bullish? ... The New World Order!You know how you get to see all the headlines when browsing through TradingView's homepage, impossible to avoid.
We love it because it gives me so many ideas...
"Microsoft Better Than Hot Bread".
"Microsoft Develops New Air Conditioner That Will Override The Fed".
"Microsoft Comes Up With Better Than Bacon".
Etc.
It is very misleading, that's our point.
Whenever the market is about to crash, all the news website start publishing bullish headlines.
Whenever the market is about to rise, all the news website start publishing bearish headlines.
Today we have so many bullish headlines for the stock market, the SPX, etc.
See what happens in a few days.
Microsoft Crop. (MSFT) uptrend is ending after 13 years.
This can turn into a simple, normal, classic correction or maybe it can get really bad.
We are looking at the monthly timeframe and MSFT is still trading below EMA10. Bearish.
Clear downtrend since November 2021. Bearish.
Decreasing volume. Bearish.
What an incredible ride... Can't wait to see how it will all develop...
Sam-FTX just got arrested in Bahamas...
Out of crisis comes opportunity.
Once we hit rock bottom, the only place left to go is up.
It is the end of an era.
The birth of a new order.
Order out of chaos.
A New World Order?
Namaste.
MFSTHELLO GUYS THIS MY IDEA 💡ABOUT MFSTUSD is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like and follow Thanks
MSFT - Cup and Handle Continuation NarrativeMSFT has definitely gone parabolic. But how does price continue from here?
I think a larger pullback is in order. Forming the handle of the cup and handle structure.
The parabolic move can be encompassed as a cup structure
Lets see how it goes. This is the Monthly chart so longing is appropriate. Or wait for the larger pullback.
Microsoft Analysis 01.12.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
Microsoft Potential Pitchfork PlayIn this update we review the recent price action in Microsoft and identify the next high probability trading opportunity and price objectives to target
Microsoft Analysis 23.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
MICROSOFT SHORT POSITIONIts looks good to entry here because we have a great opportunity on this place it is near the resistance area and we can get in for short selling now on this price on the basis of HL & LL and have resistance also on the upper trendline
MICROSOFT Preparing for the next rally to $260.00Microsoft Corp. (MSFT) has been trading within a long-term Channel Down since the November 22 2021 All Time High (ATH). Last time we made an analysis on it (July 15), we called for a $285 target which got hit on the previous bullish leg:
On today's analysis, we will do no different but to project the next high based on the previous two bounces at the bottom (Lower Lows trend-line) of the Channel Down. As you see, after another 1W RSI bullish divergence (is on Higher Lows) against the price action (Lower Lows) we can estimate that Microsoft is pricing its last pull-back (if the 1D MA50 (blue trend-line) breaks) before the final rally that can price the new Lower High either on the 1D MA200 (orange trend-line) or the 0.618 Fibonacci retracement level. The 0.618 Fib priced the March 29 Lower High, while the 1D MA200 priced the August 15 High, which was just above the 0.618 Fib again.
Based on that we can expect the next rally to hit at least $260.
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Timing the bottomI would not try to time the bottom yet. I would first wait for retest of this this volume shelf between $210 and $220.
Until then, everything else indicates a continuation of this downtrend.
Be patient and good luck.
Microsoft bounce off supportHello my friends. MSFT is bouncing off it’s old support line. The support line is about a year old and seems to be pretty strong. I believe the Microsoft share price to reach its top resistance line before the next earnings report.
Microsoft Microsoft 1 day chart it makes a bullish candle on daily chart from here it can go upto 235
MICROSOFTHELLO GUYS THIS MY IDEA 💡ABOUT MSFT is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
MSFT Microsoft Issued a Warning to InvestorsMicrosoft lowered its fiscal fourth-quarter earnings per share guidance:
$2.24 to $2.32 per share VS $2.28 to $2.35 per share prior VS $2.33 per share consensus expectations
Revenue guidance:
$51.94 - $52.74 billion VS $52.4 billion - $53.2 billion prior VS $52.87 billion consensus expectations
The price targets that i am watching for buying puts are $245 and $232.
Looking forward to read your opinion about it.
Strong Reversal SPY/SPX IHFundamentals: Slowing growth from Google and Microsoft continued our confirmation of a slowing macro environment. Microsoft reporting slowing growth in cloud revenue. Google even said their strongest ad flow of "search" saw a decline in revenue. Ad spend being the canary in the coal mine indicates the market is ready to continue it's collapse. META continues to blow through cash to build the metaverse.
-3 month/10 year yields inverted
-Yields/Dollar continue their climb - taking a break the last couple of days.
-BOJ intervention
-Canadian central bank increasing just .5
-Chinese Xi reigns again and this time with complete dominance - Speaks of a great challenge ahead - Taiwan in the crosshairs
-Russians talking nuclear attacks
Technical Analysis: The low from Sept 6th, the downward sloping trendline from August 26th, the 50 day MA, combined with the upward trend line from the recent lows created a strong resistance after a 3.5 day run up. ES1! futures stopping a few ticks below 3900. 3 day pumps are the norm.
-Gap at 408.6, 200 MA and downward trend line from the ATH creating the next target to the upside.
Outlook: I definitely believe there is more downside ahead for the markets into 2023. Although today's price action and macro indicators are pointing down that does not guarantee we have seen the end of this rally. Upside gap to 408.6 is being eyed by the bulls. Perhaps by no coincidence the 200 MA is closing in on that price. Those combined with the downward trend line point to a mid November rally adjourning. Bulls looking to load back up around 375 SPY. Breaking through 375 shows the bears have gained control and we have entered into a longer correction formation or new wave down.
Microsoft - Slammed after the earnings report Prior to the beginning of the current earnings season, we warned investors that this would be a volatile period preceding the ECB and FED meetings, characterized by companies narrowly beating market expectations or failing to fulfill them. We also stated that this would enforce our thesis about the second stage of the bear market and progression deeper into the recession.
It did not take long before earning season arrived, and companies started to prove our predictions true (Adidas, Alphabet, Mattel, etc.). Unfortunately, we expect this trend to continue in the next earning season; indeed, we believe it will be far worse than the current one.
Yesterday, Microsoft announced its earnings for the third quarter of 2022, in which it reported an 11% increase in revenue and a 6% increase in operating income. Additionally, the company reported a 14% decrease in net income and a 13% decrease in diluted earnings per share. That subsequently led to a drop in the price of MSFT stock by more than 6.5% after hours.
In our opinion, this merely highlights what we have been reiterating for a while. The market is in recession, and the recent bounce off the 2022 lows represents merely another bear market rally predestined to fall later. With that being said, we expect economic conditions to worsen next week with another FED rate hike.
Illustration 1.01
Illustration 1.01 shows the daily chart of Microsoft stock. It can be seen closing at 250.66 USD yesterday; however, after the close and earnings report, it plunged more than 6.5% to 234 USD. This dramatic price action occurred despite Microsoft announcing an increase in revenue and operating expenses compared to the same period a year ago.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are all bullish. DM+ and DM- are also bullish. Overall, the daily time frame is bullish; however, the data does not reflect the drop after earnings. Therefore, we expect the daily time frame to turn bearish today.
Illustration 1.02
Illustration 1.02 displays the daily chart of MSFT stock and simple support/resistance levels.
Technical analysis - weekly time frame
RSI, MACD, and Stochastic are flattening, trying to reverse. DM+ and DM- are bearish. Overall, the weekly time frame remains bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
MICROSOFTFriday, 21 October 2022
23:38 PM (WIB)
Microsoft is under a heavy bearish market and locked down the middle lines as their support.
I'm not interested to trade in this Asset right now.
Might be at $190 would be good to enter the market as a bull.
MSFT: Bearish channel drive?!Microsoft
Short Term - We look to Sell at 238.54 (stop at 249.55)
Trading within a Bearish Channel formation. Selling spikes offers good risk/reward. Further downside is expected. Our expectation now is for this swing lower to continue towards the bottom of the trend channel, to complete a correction before buyers return.
Our profit targets will be 211.20 and 200.00
Resistance: 240.00 / 292.00 / 317.00
Support: 219.00 / 200.00 / 190.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
