Microsoft (MSFT)
MSFT Nice reaction to the previous high area.Today, Microsoft stock (MSFT) retested the previous swing high in this uptrend, which came along with a weekly rsi "reset" to 52. The two previous times msft's weekly rsi has touched 52 has been at $212, and $200. As you can clearly see in the chart, we are in an uptrend, consistently making higher highs and higher lows for the past ~280 weeks. For uptrend dip buyers, the opportunity here is fantastic (once we confirm reversal). As someone who is already holding the stock in profit, my plan is to carefully watch the current price action, to confirm we have put in a higher low. If price begins to close below $300, I will consider selling my position.
Even though I'm not a professional, I felt that I needed to share this as msft's situation feels very precarious and I believe holders must be on the lookout. Thanks for reading!
Microsoft (MSFT) | The best scenario for climbing📝Hello traders, Microsoft in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
It is better not to talk about the general nature of this wave and only explain the counted part of the wave.
Based on the counting of the first wave 1 and 2, it has ended in a very normal state, and now we are inside wave 3.
From wave 3, waves 1, 2 and 3 are completed and now wave 4 is formed, we assume that wave 4 is formed in the form of a flat and two waves are needed from this flat to complete and the end point of this wave can be due to wave 2 which is deep. It should be around 0.23 and 0.38 and it is better to start the upward movement for wave 3 by hitting the trend line and breaking the upper side of the channel.
The target for Wave 3 is a multi-fibo collision.
If the warning sign is broken down, the field analysis is not done, but it returns to normal.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
Where is the next support level for Microsoft?Most professionals believe the second biggest company in the world (MSFT) has one of the best balance sheets in the world!
But this was not enough to separate Microsoft from Tech's sell-off!
Microsoft has experienced lower lows in 8 consecutive trading days so far, the last time something like this happened was 11 years ago(June 2010)..!
Since 1987, Microsoft has had 9 bearish cycles with more than 8 lower low days in a row! and never ever more than 10 lower low days in a row!
This makes the chance of recovery higher on Wednesday!
If Microsoft keeps going down for the next 3 days, we are going to have a new record! which could be concerning!
Best,
Moshkelgosha
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MICROSOFT Short Term View Bearish Or Bullish 1. Hidden Bearish Divergence
2. Making a double top and Mild Volume profile support at Target 1
3. If he Candle forms Bearish closing daily candle will fall back to Target 2
4,RATIONALE for Bullish Move :
4 a. Can take regression Channel Support and move UP
4 b . Its taking 100 EMA support in Daily TF since Corona Meltdown in March 2020 , May bounce back from there
4 c . Mild support as pr FIBo will push the Price Up , Observe for the Volume building up in Lower TF , If it increase go Long
4 d . Volume squuzed up after profit booking at Demand Zone around 280 levels , May touch and Bounce
4 e. It filled the gap and touched 310 levels and formed a doji candle may consolidate a bit and rise above the 310 levels , wait for candle confirmation in Daily TF
5. RATIONALE for Bearish Move :
5a Next Fibo support at lower levels and next volume support at lower levels .
5 b if there is no accumulation will fall back at the lower levesl , Volume will decide if it goes up from these levels
BULLISH PROBABILITY IS MORE THAN BEARISH .
LIKE IF YOU AGREE WITH THE ANALYSIS
$MSFT short term bounce wouldn't be a surprise The amount of bearish takes on the market have grown rapidly as of the past week, many traders are chasing shorts to the downside (I don’t believe this is smart as your risk/reward is poor.) otherwise known as shorting in the hole. If a contrarian view point holds true the market will provide a bounce next week stopping these traders out, after that can re-access price action. We are extended off the moving averages and a bounce back into them would not be surprising. The gap has filled and there is 300 psych level just below, in the short term I think a bounce is likely. I would take a long over previous days high, lets see how this pans out. Also to note: QQQ has held key support zone so far.
MSFT breaking to the downsideBig breakout candle on MSFT,
Just closed below the trendline on the ascending triangle.
Opening already below yesterday's low.
Might wait to see if it pushes higher at open and look for an opportunity to short it.
Also has a gap that can be filled
Entry: 315.90
Targets: 312.40 / 305.80
**Disclaimer: This is just a trading idea, not a financial advice**
ROTATION ? OR TRANSITION TO BEAR QQQ VS QQQE has started to show a very clear move out and is just stating to hit the Big mega caps names . I DO NOT have any sign of a bottom now ! the line in the sand is at 375.91 in the QQQ and I would think that we will see the QQQE breaking the neckline of its head and shoulder pattern that has formed .Cycles are neg now till late jan to early feb . One by one of the winning mega caps cost msft seem to have now formed a top and i look for downside to be picking up rather soon . have a good weekend and best of trades WAVETIMER
5 WAVES UP ENDED LOOK FOR A CRASH We have ended into a Month in history with the highest level of major market tops outside of late aug 17 to sept 10 thru out the markets history . at THIS POINT and the wave structure as well as fib relationships within the the wave structure . I can now say we are setup for a CRASH cycle I think it has started and will see it over the next few days . the weekly rsi has not confirmed this rally as well as the nysi and nymo models put/call/ are not at any bottom or value nor is the naz dsi or fear greed index . BEST OF TRADES WAVETIMER
"Spit Shining Warren Buffett's Shoes.."If we follow through on this $315 mark then I'm shorting every bounce like Michael Burry during the housing bubble crisis.
Bill Gates will be left spit shining Warren Buffets shoes for pennys if he holds on to this stock in 2022.
Will you hold onto a parabolic stock at the top?
Or will you short the market in 2022?
Choose.
- Ninja
100sma is being tested for the 10th timeMSFT has tested and bounced of the 100sma 9 times, since September 2020.
In all of the 9 tests, RSI was in the 30s, but not oversold. It is currently at the same level.
Besides the multiple tests of the 100sma, we have three tests of the bottom of the horizontal range (drawn with purple horizontal lines). We could potentially see a fill the gap situation short-term.
I think it is a great place to buy.
Placing layered stop-exits to preserve gains.
Risk-reward-ratio is over 4, for a better understanding of the trade, check the Long Position projection to the right of the chart.
Good luck.
$MSFT Target 1 291.27$MSFT Target 1 291.27
If you’re buying this high up, good for you, I wish you the best… but I’m looking down.
Target 1 291.27 is the first stop… March 18 290 puts locked and loaded…
I’ll be looking to target 2 if we get a good vix spike, probably June/july expiration... 💃🏻
GL, y’all
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I usually trade both ways, but lately I’ve been focusing more to the downside because of how high the market is. It makes more sense to sell puts right now, and I’m usually at Target 2.
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
Very often you have to look at my charts from the perspective of where I’m looking to sell puts. But I also do open positions still once in a while.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can.
Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
Microsoft (MSFT) | The best scenario for climbing📝Hello traders, Microsoft in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
It is better not to talk about the general nature of this wave and only explain the counting part.
Based on the counting of the first wave 1 and 2, it has ended in a very normal state and now we are inside the third wave.
From wave 3, waves 1, 2 and 3 are completed and now wave 4 is formed. We assume that wave 4 is formed in the form of a flat and from this flat 2 waves are needed to complete.
The end point of this wave, considering wave 2, which is a deep wave, can be around 0.23 and 0.38, and it is better to start the upward movement for wave 3 by hitting the trend line and breaking the upper side of the channel.
The target for Wave 3 is a multi-fibo collision.
If the warning sign is broken down, the field analysis is not done, but it returns to normal.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
LRC rejectedIf no announcement comes this week we can see a slow bleed for the next 4 weeks.
Down to base of flag, 1.60 areas where to the last dump wick reached. This will maych the weekly me and the gamestop quarterly report at the end of january ( or their possible timeframe for announcement ).
Wait and see plus, Accumulate.