Microsoft Corp.

MICROSOFT Buy on the MA200 (1d) or on a Bullish Divergence.

369
Microsoft is pulling down on a Channel Down.
Having failed to hold the 1.5 Fibonacci Channel level, it technically seeks the lower 1.0 level, which is where the MA200 (1d) currently is.

Trading Plan:
1. Buy on the MA200 (1d).
2. If it closes a (1d) candle under the MA200 (1d), then buy only after the first sign of an RSI bullish divergence.

Targets:
1. & 2. 340.00 and after a 1.5 Fib pull back, 367.00

Tips:
1. On a similar downtrend before the global market bottom was priced on November 4th 2022, the RSI (1d) was already on a Bullish Divergence. This is the reason for the second buy entry.

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Feragatname

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