MICROSOFT CORP.: TECHNICAL ANALYSIS
| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | SELL STOP |
| Entry Point | 398.00 |
| Take Profit | 383.00 |
| Stop Loss | 408.00 |
| Key Levels | 383.00, 398.00, 400.00, 404.00, 408.00, 415.00, 420.00, 421.00 |
| Alternative scenario | |
|---|---|
| Recommendation | BUY STOP |
| Entry Point | 411.00 |
| Take Profit | 421.00 |
| Stop Loss | 405.00 |
| Key Levels | 383.00, 398.00, 400.00, 404.00, 408.00, 415.00, 420.00, 421.00 |
Shares of Microsoft Corp., a giant in the development and sale of operating systems and software for computers, are trading in a corrective trend at 404.00.
On the daily chart, the price is holding near the yearly high from January 29, 420.00, preparing for a reversal.
On the four-hour chart, the quotes are forming a downward correction within the local Triangle pattern with boundaries of 415.00–400.00, and after crossing the support line of 400.00, the dynamics may intensify.
Technical indicators are holding a poor buy signal: the EMA fluctuation range on the “Alligator” indicator is actively narrowing down, and the AO histogram is forming corrective bars below the transition level.
Trading tips
Short positions may be opened after the price declines and consolidates below 398.00 with the target at 383.00. Stop loss – 408.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 411.00 with the target at 421.00. Stop loss – 405.00.
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