MSFT Microsoft found support and bouncedMSFT Microsoft stock found support around $312, trading over 10sma and touching the 50sma, and RSI almost at the trigger level.
A little disappointed that volume did not pickup today (just slightly below it's 20 day average).
Stock is up 5% in aftermarket trading due to NVDA forecast.
Microsoft (MSFT)
$MSFT -Looking for Trades after TP- We had a good trade with OTC:MSTF last week, resulting to a 32% ROI.
For now, awaiting more confirmations to occurr in price action.
Regarding last weekly close bounce,
it appears to me it was more of Techncnical bounce nearing the *D-*W Support-Trendline.
Zooming in to Smaller time-frames,
price remains in a downtrend until price breaks-out from
descending channel pattern and key levels.
In case Support-Trendline fails to hold the price above it,
292.11$ would be the next downside target.
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*** Note that this is not Financial Advice !
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𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: $QQQ Daily. First real pullbackFirst real pullback in progress flagged by bearish divergence with RSI in July/August. Where does this end? Even the “crash callers” are looking for a bounce so maybe a little more to go before a B wave starts 🌊
$NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks 📉
Microsoft -> A Long Term Double Top?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Microsoft💪
On the monthly timeframe you can see that Microsoft stock once again retested the previous all time high at the $340 level and once again rejected it towards the downside.
You can also see that after the recent retracement on Microsoft, MSFT stock is approaching previous structure at the $320 level from which we could see a short term bullish bounce.
And last but not least I am just waiting for the daily timeframe to shift back to a bullish market before I then do expect a short term rejection away from the daily and weekly support area.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
The Illuminated Ascension of the Market.Since I presented my bearish prophecy, I've traversed the vast expanse of financial data in search of the Achilles' heel to counter my own narrative. The cosmos itself has conspired this evening to bestow upon me the final pieces of this intricate puzzle.
On the ominous date of 8-18, a staggering 70% of market contracts bow to the bearish sentiment. This, I postulate, is the very reason for a tight squeeze leading up into this date – a sly play to ensure the bears' demise, leaving their positions reduced to mere ephemeral memories. (Forgive my wickedness, for in the end, it's merely the cutthroat dance of commerce).
As the sands of time flow and we bid adieu to 8-18, expect a swift downturn; a mere blip, a hiccup if you will. But fear not, for the hungry wolves shall quickly gather to devour this dip, leading us into the waning days of August and the dawn of September.
Post the ritualistic dance of the wondrous blue moon, brace for a cosmic parabolic squeeze ascending towards the 9-15 expiration - ensuring the bears are banished into the void eternally.
Upon the ethereal touch of 17.2k, my machinations will recalibrate.
Godspeed on your cosmic journey, astral adventurers.
💜✨🌙✨🌌✨🌙✨💜
#MSFT Straddle/trade plan Less expensive than previous but still is considerable. Exp date is 15-Sep-23.
We placed both for clarity.
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them in combination with our own strategy, not in alone.
We do the best research as we can to find new opportunities in the massive amount of information every day to help you make data-driven trading decision.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read. We appreciate it all!
MSFT approaching supportMicrosoft Corp. (MSFT) approaching channel support, able to absorb weekly selling pressures. From here, (MSFT) can regain upward momentum and trade back to recent resistance, eliciting gains of 15-20% over the following 1-2 months. A settlement above this resistance would lead to a longer-term buy signal into 2024. Inversely, if a settlement below channel support occurs, (MSFT) becomes susceptible to losses of 20% over the following 3-5 months.
AAPL Buy Long on Pullback?AAPL has been rock solid this year as illustrated by the daily chart. It is no
surprise that AAPL is Warren Buffets's biggest holding. The earnings were a
top line beat with revenue flat. New iPhone sales are off. The TSLA idea
of dropping price to boost demand and trying to maintain margins will
come into effect. The dip this week is remarkable given the range of those
red candles. Based on VWAP bands, AAPL is overbought and overvalued but
not badly so. Price has dropped under the longest moving average (HMA140)/
This is a small pullback I will use the opportunity to purchase a call option
striking over the money at $205 for mid-November as an intermediate
term veto that AAPL will march consistently higher. Because of this pullback
the options contract will be a bit cheaper and easier from which to achieve
a realized profit.
MSFT NO CHANGE IN TARGET381/383The chart posted is MSFT and I had stated that the peak would be 361 area we saw a 366 print this is 1.147 x the drop from 2021 peak to the low nov 2022 212 area . I see this has an abc flat to end a wave 4 from which we should rally to 381/383 in wave 5 of wave B 1.236 =target 381 1.27 is 383.9 so now you have the targets for the last part of the puzzle . I am long calls from 327.9 and 329
Microsoft Challenges Fib 3.618 levelMicrosoft - NASDAQ:MSFT
Expectations were beat across the board today but what does the long term monthly chart tell us? All is revealed in the chart. This is a key moment for NASDAQ:MSFT and a pull back or break through to established new highs wouldn't surprise. I'm happy to wait for the confirmations outlined in the chart. That MACD cross though looks appealing.
Earnings Summary
- Profits jumped 20% to 20.1 b
- EPS: $2.69 / Exp $2.56
- Revenue: $56.19B / Exp $55.49B
- Azure (cloud) revenue up 26% / Exp 27%
MSFT WAVE 5 of 5 has started target 381/383The chart posted is that of MSFT we have now formed a nice ABC decline after hitting the top of the weekly BB bands . we now very over sold and I have moved back into CALLS in msft today at the open . LOOK for msft to rally to 381/383 this should now most likely bring the sp to 4631/4658 and the QQQ to 388/393 I tend to lead toward 391.3