Microsoft (MSFT)
MSFT Daily and hourly levelsMSFT daily and hourly levels I am watching to trade options with.
Nice flag/flat top break of that 307.8 during Friday's session. Pushed all the way up to 312 where is found some resistance. I am looking for a pullback to 307.85-308.56 zone to turn previous resistance into support and bounce higher. If we break under, we can test lows of this range around 304-305
NVDA AAPL AMZN GOOGL MSFT VIX QQQ Support & Resistance Guide- NVDA MSFT AAPL all near its key resistance levels
- VIX likely setting a daily higher low and may bounce from here due to it being in historic lows
- VIX is inverse of the market
- CPI Data Wednesday May 10th 5:30am PST
- PPI Data May 11th 5:30am PST
AAPL Key Resistance Levels | QQQ & SPY Analysis | CPI May 10th- AAPL in sell zone now lots of resistance above it.
- a little bit of a red flag was the huge move off the open and then complete sideways throughout the entire day
- QQQ double top at its recent highs
- SPY double top at FOMC reactions high
- CPI data May 10th 5:30am PST
- MSFT confirmed bull flag
MSFT - Getting close to major resistance.NASDAQ:MSFT is up 19% over the last month and is now coming to some major resistance.
We have the Double 1.618% levels from the previous 2 highs plus the 61.8% level from the ATH.
The measured ABCD is up just above 300 which is also a major FIB number 3.
We have just gone past equal tops in time.
If its similar to the last retracement then we should be looking at a move back to 250-270.
Big week ahead with a major turn point coming on Tuesday.
Enjoy the week.
MSFT - Broken Ceiling Falling Channel- MSFT has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- MSFT has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- In case of a negative reaction, the stock has support at approximately 277.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
What's going on $VIX?What in the world is going with TVC:VIX ?
Was short term bearish, was right (not posted here, sorry, see our profile)
However, we made case for longer term scenario
NASDAQ:MSFT NASDAQ:AAPL & others have PE 30+, crazy
BUT #StockMarket = IRRATIONAL
SP:SPX really looks like top retest is in play
May is 4th best month over last 20 years
Aprils IS the best month coming in @ 2.5%, & looking to close there again. Over 80% win in last 20 years!
#stocks
NASDAQ - Expecting a deeper pullbackHi there, traders!
After yesterday’s drop, the U.S. stock market got a breather on Tuesday evening as Big Tech earnings began to roll out, led by better than expected reports for Google and Microsoft.
Looking at things from a technical perspective, we do anticipate the price to continue dropping today due to some key trends on the Daily and 4H timeframes. If we see a consolidation underneath the 4H trendline, it’s likely that the price will continue to drop.
Remember, today is an important day for earnings reports, with Boeing reporting before the opening bell, and Meta and eBay set to report after the market closes. These reports have the potential to move the market, so keep an eye out!
We’ll be keeping a close watch on everything and will update you in the section below if anything changes. And as always, trade with care and let us know if you have any questions or concerns!
$SPY pre-market Resistance Rejection | $QQQ megaphone | $META ER- AMEX:SPY rejected from its pre-market highs and couldn't get over it then bears took over.
- NASDAQ:QQQ forming another megaphone pattern on 4h time frame
- NASDAQ:META Beat bullish earnings reaction
- NASDAQ:GOOGL fades all of its earnings gains and went red NASDAQ:MSFT held its gains.
- NASDAQ:AMZN earnings report tomorrow AH
$MSFT Analysis, Key Levels & TargetsNASDAQ:MSFT Analysis, Key Levels & Targets
I like MSFT… It’s just that I’m a bear at these levels…
I opened a put position… Aug 18th 300…. @ 17.53
And I’m looking for about 260-265 to take profit….
I have short put orders out also to hedge up on the dips….
So let’s see what happens… August 18th is 114 days out… and I’ll roll out and up if I have to….
I will keep this idea updated below… in the past I haven’t had a good system to update my ideas because I do so many trades in a day and it’s not always easy… but I think I figured out a way…. 💃🏻
QQQ Bullish Reaction to MSFT & GOOGL Earnings | Daily Downtrend|- both AMEX:SPY and QQQ confirmed Daily downtrend.
- NASDAQ:QQQ finally broke out of its 3 weeks range bearish but the AH bounce
- NASDAQ:MSFT good earnings bringing all tech stocks up
- NASDAQ:GOOGL decent pop but faded most of its gains
- NASDAQ:AMZN moving due to MSFT decent cloud report
Cloud growth slows; market focuses on revenue from ChatGPT.Microsoft (MSFT.US), which ranks second in market capitalization in the U.S. stock market, will announce the results for the third quarter of fiscal year 2023 on April 25, EST after the U.S. stock market. Analysts generally expect Microsoft's Q3 revenue to be about $51.1 billion (up about 4% year-over-year), and GAAP earnings per share to be about $2.24, compared to $52.75 billion and $2.32 in the previous quarter.
In terms of beating expectations, Microsoft's performance has rarely disappointed investors. In the past 12 quarters, revenue has exceeded analyst consensus estimates 10 times, and earnings per share (EPS) have exceeded analyst consensus estimates 11 times. Therefore, many investors expect that although Microsoft's Q3 performance is slightly weak, the probability of exceeding expectations is very high.
The Azure cloud business remains crucial, but the growth rate will likely slow down again. Analysts predict that Microsoft's intelligent cloud business growth will slow sharply to an increase of 15%-19%.
Investors are focusing on the revenue brought by AI, with Microsoft CEO Satya Nadella emphasizing the importance of ChatGPT-led AI technologies. The company's investment in OpenAI, the creator of ChatGPT, has generated significant interest in the potential growth of Microsoft's Bing search engine. As a result, Microsoft's stock has risen by over 19% for the year, outperforming both the S&P 500 Information Technology index and the S&P 500 index. Investors' attention is primarily focused on Microsoft's Bing search engine and its potential for long-term growth.
The short trend is bearish, but the mid-range trend is still in uptrend.
QQQ Falling Wedge Pattern | MSFT GOOGL Earnings Prediction | - NASDAQ:QQQ falling wedge pattern is about to break likely break tomorrow.
- QQQ & AMEX:SPY still trading in the same tight range for 3 weeks likely breaking this week with all the big tech earnings
- NASDAQ:MSFT NASDAQ:GOOGL Earnings report tomorrow AH
$QQQ Watch for a Key BreakNASDAQ:QQQ eyes on tech earnings (MSFT, META) this week. PA distributing like SPY between critical levels, but currently looking bearish after failing to break out of pennant. Both need to break respective pivot points for continued downside pressure to bottom TL.
Positioning: LT Short
MSFT - take profit before earnings?NASDAQ:MSFT reports after close this Tuesday. Everything that I see suggests that price is at an inflection point, and likely due to pullback. I expect that this earnings release will need to be a beat, communicate progress on AI, and provide strong forward guidance for additional upward continuation in the near term.
While it's still 19% off of its all time high, MSFT has had strong performance YTD. It's been a clear favorite in the AI narrative with its investment in ChatGPT and potential for integration across its products. Anyone dismissing AI as a fad needs to sit back and look at the big picture. It's coming at us quickly and will be transformational. Every tight labor market in economic history has been followed by adoption of workforce productivity and automation.
The TA suggests that MSFT is over extended in the short term. It's far above its 55EMA, RSI shows recent bearish divergence, MACD and leading MACD have rolled over, and price has been hovering at the 0.5 fib retrace from ATH and dense volume profile. In addition, we can see that recent price movement is supported entirely by short term inflows as long term positions have gradually drawn down. The longer term channel doesn't provide as much clarity, but any number of ways that I draw the fib time zones indicate that this is a time period for a shift in sentiment.
While this isn't a company to bet against, I'm planning to take some profit prior to earnings and will look for opportunities between FWB:250 -265 for accumulation. A sustained movement above $295. would suggest further upside continuation.
Market Outlook Analysis | Earnings Prediction | Support & Resist- QQQ Megaphone still in place
- NASDAQ:QQQ SKILLING:NASDAQ trading within 3 weeks range 320-312 area, likely breaking Tuesday
- Tuesday NASDAQ:MSFT NASDAQ:GOOGL Earnings prediction
- NASDAQ:AAPL broke out without much follow through, historically AAPL dips into earnings or after earnings if it moves up alot into it.
- advertising companies dont do well during recessions.
- AMEX:SPY still healthy daily uptrend that may change next week
- still holding my AMEX:SOXS ( NASDAQ:SOXX short )