Today Microsoft
MSFT
is up +2% above its 20 day and 50 day MAs. Also, is looking to breakout of a resistance in $216.5 after its third higher low. This are all bullish signals for the stock. But there is still another pattern to be broken so that
MSFT
can keep going up in a strong uptrend.
Depending on the close I'll buy and then when it breaks out of the midterm flag pattern (purple area) I'll buy more to have a good Dollar-Cost Average strategy.
With the news about a new partnership with Nintendo
NTDOY
and Sony NYSE:SNE about Safe Gaming, could have a good impact on the stock price
MSFT
is up +2% above its 20 day and 50 day MAs. Also, is looking to breakout of a resistance in $216.5 after its third higher low. This are all bullish signals for the stock. But there is still another pattern to be broken so that
MSFT
can keep going up in a strong uptrend. Depending on the close I'll buy and then when it breaks out of the midterm flag pattern (purple area) I'll buy more to have a good Dollar-Cost Average strategy.
With the news about a new partnership with Nintendo
NTDOY
and Sony NYSE:SNE about Safe Gaming, could have a good impact on the stock price
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