MSFT has passed its consolidation rectangle (blue) with a big gap, that is a sign of a strong buying trend. After that big jump, it is normal to see a breath on the stock. The first support is at 59.40 (upper bound of the gap).
You can initiate a long position at 60.10$ approximately on Microsoft. Better to wait a bounce at 59.40$ for safety (confirmation) but you can also do it before if you want to make sure you are in.
Stop @ 59$ (below the upper bound of the gap)
Target @ 61.90$ (just below the 61.8% Fibonacci extension resistance of the previous bullish wave that took place before the rectangle.
Feel free to leave a comment about this trading idea !
You can initiate a long position at 60.10$ approximately on Microsoft. Better to wait a bounce at 59.40$ for safety (confirmation) but you can also do it before if you want to make sure you are in.
Stop @ 59$ (below the upper bound of the gap)
Target @ 61.90$ (just below the 61.8% Fibonacci extension resistance of the previous bullish wave that took place before the rectangle.
Feel free to leave a comment about this trading idea !
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.