Microsoft Moving Average Bounce
Bounce setup for MSFT
"Technology" sector and "Software - Infrastructure" industry is currently on a strong uptrend.
Historical prices of Microsoftfavors the 100 Moving aAverage. A bullish bounce can be expected
Technical Analysis:
- Multiple price rejection are spotted on 100EMA historically
- The oscillator stochastic is currently oversold with the price supported by Moving Averages as support
- Momentum of relative strength has been consistently strong
- Multiple clear Higher Low have been formed
The only concern from the Technical standpoint would be the resistance around $225. Prices have been struggling to break that resistance.
However, Microsoft is a fundamentally strong company and is the most widely used OS.
I believe if prices do break above the resistance and form a support level there shouldn't be a problem to take a long-term approach.
For this scenario, I will split into two positions:
1 would be for a short term trade with the TL & SL on the chart
2 a longer-term trade while monitoring the trend structure
"Technology" sector and "Software - Infrastructure" industry is currently on a strong uptrend.
Historical prices of Microsoftfavors the 100 Moving aAverage. A bullish bounce can be expected
Technical Analysis:
- Multiple price rejection are spotted on 100EMA historically
- The oscillator stochastic is currently oversold with the price supported by Moving Averages as support
- Momentum of relative strength has been consistently strong
- Multiple clear Higher Low have been formed
The only concern from the Technical standpoint would be the resistance around $225. Prices have been struggling to break that resistance.
However, Microsoft is a fundamentally strong company and is the most widely used OS.
I believe if prices do break above the resistance and form a support level there shouldn't be a problem to take a long-term approach.
For this scenario, I will split into two positions:
1 would be for a short term trade with the TL & SL on the chart
2 a longer-term trade while monitoring the trend structure
İşlem kapandı: hedefe ulaştı
Happy Profits!
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.