Microsoft (MSFT) Gaining Some StrengthHi Traders,
Microsoft seems to be gaining some strength. Could this be the start of a bullish move? Only time will tell. Price started creating an Inverse head and shoulders pattern which could be the first sign of a reversal. On the monthly, I have mapped out a level of 250.0 which is an order block that was never tested.
Price then proceeds to create the reversal pattern. We also see that we have now started breaking my descending trend line but it meets a previous resistance level. A break and close above this level is what captures my interest as this could give an easy move to upside upon a retest.
Keep in mind that we are still in a bear market and this could just be a pullback for the bearish continuation so I will be extremely aggressive in managing my position should I take one.
The key reason why I am optimistic is because the Pattern has created a lower high which could fuel the bulls to break the resistance of 168.95. this would also then create a new higher high. Very simple structural movement but yet very powerful in most markets. The next key play would be the pullback after the break which needs to form some sort of support and give signs of exhaustion to fuel another bullish leg.
The next point of interest in my radar will be 290.15 where I will look to take profit. As previously mentioned this is still a counter-trend move and that needs to remain at the back of the mind.
I hope this breakdown has been helpful and feel free to comment your thoughts on this analysis.
Best wishes,
Renaldo Philander.
Microsoft (MSFT)
Microsoft buying Activision in Q3?The end of Q2/H1 has heavily impacted the majority of stocks as we know. The announced takeover of Activision by Microsoft in my eyes has been put on hold due to the market downturn, pushing back into the second half of Q3 or even as late as mid Q4.
With the buyout suggest to be at US$95 i feel that the current price of US$78 is a good buy.
There is a lot of reasons for Microsoft to make this purchase so I dont think they are going to walk away because it was a bad quarter for everyone.
MSFT Potential for bearish drop | 5th July 2022On the H4, with prices moving within a bearish channel and reversing off the ichimoku resistance, we have a bearish bias that price will rise and drop from the sell entry where the pullback resistance and 50% fibonacci retracement are to the take profit at 241.57 in line with the 78.6% fibonacci projection and swing low support. Alternatively, price could break entry structure and rise to stop loss at 275.32 where the swing high resistance and 100% fibonacci projection are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
$MSFT MICROSOFT BULLISH Pattern BROADENING DECSENDING WEDGE$MSFT MICROSOFT is Printing BULLISH Reversal Patterns, much like $AAPL has as they are related tech stocks.
Let's review the chart:
1. There is a BROADENING DECSENDING WEDGE which is a bullish reversal pattern much like the falling wedge but expanding. This could either breakout soon or tap the bottom trendline for a third time before breaking out.
2. Textbook inverse Head & Shoulder forming as well. The selling volume is highest on the left shoulder making the possibility for this pattern to complete higher.
Being a dividend paying stock this is definitely worth accumulating in the bear market. Microsoft is a tech leader and their cloud offering is growing very well and maintaining growth. This company is always on top of new innovation and have already been dabbling in AI and blockchain technology, in addition, to web3. They are cloud, digital, advertising, linkedIn, XBOX gaming, ect. Need I say more?
This is NOT financial advice, please always do your own research.
NETFLIX NFLX NASDAQ : NETFLIX IS LOOKING AWESOME, TARGET $2000LIKE, FOLLOW, AND COMMENT BELOW IF YOU APPRECIATE THIS CONTENT
NETFLIX chart is looking real bullish to me. The MACD is curling up from an all time low, the RSI and STOCH are on the way up and the Mayer Multiples are flashing a bottom/buy signal. Netflix is about to go on a hella run to $2k is my target around 2024-2025. This is not financial or trading advice this is just my opinion. Thank you and good luck out there.
Msft:Even the giants are falling!Microsoft
Short Term - We look to Sell at 260.71 (stop at 269.78)
The primary trend remains bearish. A sequence of weekly lower lows and highs has been posted. We can see no technical reason for a change of trend. Preferred trade is to sell into rallies. Further downside is expected.
Our profit targets will be 238.72 and 230.00
Resistance: 267.00 / 290.00 / 315.00
Support: 238.00 / 200.00 / 180.00
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MSFT Potential for bearish drop | 29th June 2022On the H4, with price moving below the ichimoku indicator and within the descending channel , we have a bearish bias that price will rise and drop from the sell entry at 260.94 where the pullback resistance is to the take profit at 241.57 in line with swing low support and 78.6% fibonacci projection . Alternatively, price could break entry structure and rise to stop loss at 275.32 where the 100% fibonacci projection and swing high resistance are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
MSFT Potential for bearish drop | 29th June 2022On the H4, with price moving below the ichimoku indicator and within the descending channel, we have a bearish bias that price will rise and drop from the sell entry at 260.94 where the pullback resistance is to the take profit at 241.57 in line with swing low support and 78.6% fibonacci projection. Alternatively, price could break entry structure and rise to stop loss at 275.32 where the 100% fibonacci projection and swing high resistance are.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Selection is not dead - and who said Growth ever was?INVESTMENT CONTEXT
Lithuania limited railway cargo transit across its territory from Russia to Kaliningrad; Russia dubbed the move as "openly hostile"
Russia overtook Saudi Arabia as China’s biggest supplier of crude oil. Russian crude exports to China surged 55% in May
Turkey, Sweden and Finland met to discuss Turkey's opposition to the Nordic countries bid to join NATO
French President Emmanuel Macron lost parliamentary majority as the country's far-right regained momentum after the Presidential elections held last April
European Commission President Ursula von der Leyen warned against the bloc's "backsliding" into coal as the continent tries to weave itself off Russian gas
Terra/LUNA project staff were banned from flying as South Korean authorities deepen investigations on LUNA's demise
PROFZERO'S TAKE
It's hard to look at the EU without feeling something disruptive is about to happen. The bloc's inflation rate is not too far from that of the U.S. (8.1% vs. 8.6%, respectively) - yet the ECB's base rate, even after the 25bps hike earlier in June, is still negative by 25bps, while the Fed is already pricing cash at 150bps. The Fed has stopped sustaining fixed income markets by not rolling over USD 30bn Treasury bonds and USD 17.5bn MBS per month - the ECB tried to walk down the same path, only to face backlash from traders which sent interest rates on the weakest countries (Greece, Italy and Spain) to fresh highs. And as Russia curtails natural gas supplies, the countries that are most exposed to energy security - notably including Germany and Italy - scramble to diversify the energy mix, stumbling upon the harsh reality that coal will attract criticism from environmental groups (and voters) while LNG supplies need re-gasification plants - whose dearth won't be made up for until 2024.
Nigel Bolton, BlackRock's co-Chief Investment Officer, said on June 20 he saw "extreme valuation opportunity in European banks". ProfZero would really, sincerely like to share the same optimism - or opportunism
Speaking of Europe - after dismissing blockchain assets as "worth nothing" (and therefore badly needing regulation, in a rare moment of pure pneumatic vacuum of logics), ECB President Christine Lagarde said "While the correction in asset prices has so far been orderly, the risk of a further and possibly abrupt fall in asset prices remains severe". ProfZero concurs with Madame Lagarde - absent energy security and supply strategy, foggy monetary policy (to tighten or not to tighten?) and a much feared fragmentation of borrowing costs already happening, traders are having it good shorting European assets. If only there was a strong Regulator...
In the opinion of ProfZero, the market-wise breadth of June 13's collapse has a deeper structural meaning, and could in fact contain cues on portfolio construction to cross summer season: (i) Markets are not done pricing a recession, nor the Fed's and the ECB monetary policy. After the 50bps rate hike on May 5, the S&P 500 and Nasdaq plunged 3.56% and 4.99%, respectively; after the 75bps rate increase on June 15, the indexes nosedived 3.27% and 4.08%, respectively. The Fed is meeting four more times this year; current expectations are for 75bps flat increases at each meeting. Should inflation fail to be absorbed in the economy, calling for more rate increases, equities would bear the brunt of the selloffs, (ii) Investors are starting to see Value as fairly priced - possibly signaling the beginning of reversal on commodity stocks, especially in the energy space. At the same time, Growth is not dead. Apple (AAPL), Alphabet (GOOG) and Microsoft (MSFT) dropped less than 5% on average in the last month, compared to almost 15% by Occidental Petroleum (OXY), Petrobras (PBR), and Shell (RDS.A), (iii) It is still too early to construct risk positions. A clear trough has not been touched and even a touted recession has not materialized. No clear industrial path has emerged from the bear market; and without such, longs are but reckless positions. No time to cry; no time to risk either
MSFT Potential for bearish drop | 21th June 2022On the H4, with price moving below the ichimoku cloud and within the descending channel , we have a bearish bias that price will rise and drop from the sell entry at 255.30 in line with the swing high resistance to the take profit at 231.18 in line with the 61.8% fibonacci projection and 61.8% fibonacci projection . Alternatively, price may break the entry structure and rise to the stop loss at 261.47 in line with the 50% fibonacci retracement , 61.8% fibonacci projection and pullback resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
MSFT Potential for bearish drop | 17th June 2022On the H4, with price moving below the ichimoku cloud and within the descending channel, we have a bearish bias that price will drop from the sell entry at 246.92 in line with the pullback resistance to the take profit at 231.18 in line with the 61.8% fibonacci projection and 61.8% fibonacci projection. Alternatively, price may break the entry structure and rise to the stop loss at 261.47 in line with the 50% fibonacci retracement , 61.8% fibonacci projection and pullback resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
MSFT Potential for bearish drop | 15th June 2022On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from the sell entry at 246.92 in line with the pullback resistance and 23.6% fibonacci retracement to the take profit at 231.18 in line with the 61.8% fibonacci projection and -27.2% fibonacci expansion . Alternatively, price may break the entry structure and rise to the stop loss at 261.47 in line with the 50% fibonacci retracement , 61.8% fibonacci projection and pullback resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
MSFT Potential for bearish drop | 15th June 2022On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from the sell entry at 246.92 in line with the pullback resistance and 23.6% fibonacci retracement to the take profit at 231.18 in line with the 61.8% fibonacci projection and -27.2% fibonacci expansion. Alternatively, price may break the entry structure and rise to the stop loss at 261.47 in line with the 50% fibonacci retracement, 61.8% fibonacci projection and pullback resistance.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
MSFT Poised for More UpsideMSFT has followed through nicely after bouncing out of our expected long term support zone below 254. Price recently consolidated after reaching the 1.618 fib extension, but has held short term moving average support and now looks ready to continue higher.
Resistance could come in at 283.6, but we think the higher likelihood is to see price re-test the overhead gap range of 292-296 in the coming days.
Radar recap before the breakoutPROFZERO'S TAKE - RADAR RECAP
Ever since the very first edition of our daily Parlay, Profs have repeatedly cited their radar to keep track of ongoing macroeconomic developments and forming views. It's about time then
for a first full-blown recap of what we are looking at right now, and how do we see the next steps moving:
World politics: The war in Ukraine has reshaped European geopolitics, forcing the EU to rethink its entire energy supply and security policy off from Russia, other than bringing the continent back to reassessing the readiness of its armed forces. The blockade of the port of Odesa exacerbated supply-chain tensions that had been simmering since 2021, pushing commodity prices to all-time highs in energy and fertilizers and ushering the risk of famine and social unrest in the Middle East and Africa due to shortage of cereals and calories at large. Meanwhile, the relationships between the U.S. and China remain tense over Taiwan, as the island remains exposed to a potential Chinese invasion - Bearish
Monetary policy: Central banks around the world have finally taken inflation seriously, launching interest rate hike and balance sheet trimming plans in an attempt to cool price surges and yet preserve growth and employment in the real economy. U.S. data in May were in fact supportive, with Main Street adding 390,000 jobs and keeping unemployment as low as 3.6%. Yet, the effects of higher interest rates are going to be felt only as they trickle down through the economy, in the form of costlier mortgages for homeowners and more expensive or altogether barred access to debt financing for sub-investment grade nations and corporates. As a result, defaults could sweep the economy, as already seen by the failure of Sri Lanka to pay its foreign-currency debt; the looming default of Russia; and the collapse back in 2021 of Chinese constructions giant Evergrande - Neutral
Equities: The secular bull run hit by equities since the fall of Lehman Brothers in 2008, and fueled by loose monetary and fiscal policy on both shores of the Atlantic, hit a major stop in Q1 2022, when investors rushed to the door, spooked by the prospects of Regulators draining liquidity from the system. As a result, Nasdaq plunged 30% from peak (November 2021) to trough (April 2022), while S&P 500 only teetered on the brink of a bear market (negative 19.9% peak-to-trough). Investor fled Growth stocks whose profits are deep in the future, hence exposed to greater discounting by higher interest rates, favoring Value equities thanks to the solidity of their balance sheets and capacity to generate income via dividends. ProfZero argues that within the very Growth space, Value-like equities do already exists - tech giant Microsoft (MSFT) for instance is America's best-rated company (AAA/stable) - Neutral
Commodities: After a lost decade, and crude oil trading even in negative price territory for one day in 2020 (April 20, WTI crude contract settling at negative 37.63/boe), commodities came back roaring in 2022, in what analysts at Goldman Sachs have already dubbed the beginning of a new supercycle. ProfZero concurs that commodities - and their supply chains - have been taken for granted for too long; now, in the wake of de-globalization talks, developed as well as emerging economies find themselves rattled by the prospects of unsustainably high - or even unaccessible - key commodities like fuel and fertilizers, or even worse calories. Thinking one step ahead, ProfOne has set its eyes on the minerals of the future - cobalt, lithium and nickel - reminding that these are also highly concentrated in a handful of areas around the globe, thus possibly falling into the same supply trap of the commodities of the past century - Bullish
Blockchain assets: A unprecedented "crypto winter" has gripped investors in the blockchain space, first sending BTC from all-time at USD 68,990 in November 2021 to USD 25,350 on May 12, 2022 (63% peak-to-trough), then decreeing the collapse of Terra/LUNA project in just 3 days on the second week of May this year. Yet, the blockchain space is showing remarkable resilience, with BTC resisting further slides and in fact potentially preparing for a new "golden age", as foreseen by venture capital fund Andreesen Horowitz. ProfZero remains focused on the superiority of the blockchain as a technology, capable to shape the next decade in information processing, automotive, entertainment, finance and healthcare - Bullish