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Strength

MSFT breakout of wedgeNice, strong breakout in Microsoft today. Intraday entry was at $40.50. You can trim&trail some in front of resistance if you manage this on daily basis and for investors nothing to worry about. New pivot resistance at $40.97, above that could trigger another entry/add. Next resistance at $41.30 then we have highs at $41.60. --------------------------------------------------------------------------------------------------------- Acting well after it bounced off of support at $39. (Check my idea in the link below)
NASDAQ:MSFTLong
by andrew.berg
LNKD showed relative strengthYeasterday US markets closed in red with QQQ -0.8%, SPY -0.9% and DIA -0.94%. But this social network reversed from lows and closed near highs. I think we are close to resolution of this wide range with upside bias because of that strength. Now we have higher low @ $143.45 and important intermidiate support @ $145 that was retested intraday. Another action point is previous high of the day @ $149.50. If it will go above and hold we can see $153.34
LLong
by andrew.berg
1
NOW get long nowStock came from $26.33 to $71.80 for one year. Then agressively sold off from high. Pretty deep pullback which we can measure with fib levels - 61,8% is support - the last chance for bulls to prove that it is not reversal. Yeasterday it went through lows but managed to get back and closed on highs. Showed us relative strength vs broad market (SPY, DIA and QQQ showed some breakout failure signals and closed around 1% down) Despite it is below all key moving averages I have thoughts that money can rotate into underperforming stocks as many sectors are extended and markets are nervous so it is difficult to buy them. Trade Plan: Enter: now @ $47.82 or wait for additional confirmation brak up through consolidation resistance @ $49 Stop: below low of the day where sellers failed to hold below $46 then we have support from $44 to $45 Target: $53 swing high where 200 MA lies then we have $55
NYSE:NOWLong
by andrew.berg