Microsoft (MSFT)
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:
Part 2 of All 7 Mega TECH stocks | QQQ Sp500 TREND GUIDE- I cant stress enough to follow the trend on these stocks, there will be a time to short when we see daily downtrend confirming
- FIRST STEP for bears is we need a hourly downtrend for anything to really happen
- As of now all mega tech are still healthy
Part 1 of All 7 Mega TECH stocks | QQQ Sp500 TREND GUIDE- I cant stress enough to follow the trend on these stocks, there will be a time to short when we see daily downtrend confirming
- FIRST STEP for bears is we need a hourly downtrend for anything to really happen
- As of now all mega tech are still healthy
Part 2 of 7 Mega Cap Tech | QQQ Sp500 & My YINN playsAs long as we have mega cap techs holding sideways and rest of the market breath catching up it is good for the bulls and we may continue to see grind up from the market overall.
- Very first step i want to see from the bears is an hourly downtrend for me to even pay attention to a short swing.
- entered YINN for lagger bull play.
Part 1 of 7 Mega Cap Tech | QQQ Sp500 & My YINN playsAs long as we have mega cap techs holding sideways and rest of the market breath catching up it is good for the bulls and we may continue to see grind up from the market overall.
- Very first step i want to see from the bears is an hourly downtrend for me to even pay attention to a short swing.
- entered YINN for lagger bull play.
Part 1of 7 Mega Tech Stocks AnalysisAlthough QQQ closed flat today, lots of mega cap tech stocks formed daily downtrends, such as AMZN GOOGL AAPL, so we have to be open to QQQ having a slightly more pullback in the next coming days but breath in the market is really good today so its a good sign for the bulls as money rotates around.