MICROSOFT: Sell and Buy at the right place.MSFT is on healthy bullish technical levels on the 1D timeframe (RSI = 60.229, MACD = 3.110, ADX = 14.662) and there is no indication that the current uptrend won't be extended. We expect the current HH bullish wave of the Channel Up to continue as high as 450.00 before a technical correction. This is what took place after the July 18th 2023 HH, which pulled back to the 0.382 Fibonacci level. Consequently we are willing to buy again for the long term only at 400.00.
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Msfttrading
[EN] MSFT will close the gap of April 2023 // GaliortiTradingNASDAQ:MSFT had a bullish gap in April 2023 from which the last bullish leg originated . It is currently developing a countertrend bearish leg within a descending channel. There is a clear bearish divergence with the oscillator .
We think there is a high probability that it will try to close this bullish gap . To do so, it will have to look for the floor of the current bearish channel (July 2023), which will be pierced. The declines will be stopped by the liquidity zone of $275-280 and the medium-term bullish guideline (December 2018).
From there , the probability of an upward restructuring should be contemplated since a pull-back to the $310 support would be essential to continue rising or to perform a second downward leg (ABC).
Pablo G.
Microsoft accidentally revealed that Xbox Series X|S Microsoft accidentally revealed that Xbox Series X|S sales exceeded 21 million units worldwide
As posted by Twitter user 'John Welfare' after being spotted by @Lukastaves Microsoft held a presentation during this year's BIG Festival in Brazil which is taking place from June 28th through July 2nd. Interestingly, during this presentation, Microsoft showed a sheet revealing Xbox console sales numbers, including sales numbers for the Series X|S.
I don't think this is news at all.
Graphically, the price is testing its monthly high.
In two years, a test of the level.
I think it's a great zone to sell the stock and buy it back cheaper.
marked the green zone.
Waiting for the decline.
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MSFT short positionOn the chart we can see the main resistance (red) and several supports levels (green).
As the Relative strenght index remains strong we expect the price to continue higher and reach the resistance.
Stop loss: 359.9 USD
Target:315.72 USD
We would enter a short position once the price reaches the resistance line.