Hey guys, how y'all doing? today I want to talk about Microsoft and share my 'personal thoughts and expectations' so hope u find valuable information.
alright so we can say how MSFT last week start to making higher highs and this is after the price ended up at 11 Oct "18 as a Morning Star.
Now if we take a look at the Bollinger Band we can see that the price still moving between the Lower-Line and Middle-line which is (20MA). for sure when price being between these two levels we expect more opportunities for sell position but it's a different situation with Microsoft for multi-reasons:
a) The price starts moving up after the Morning Star Candlestick in '11 Oct 18'
b) 80MA will act as a strong support now to help the price rise up
Let me explain Quickly this point:
We can see that the 20MA start to move downward while the 80MA keeping the way up, and 'personally' it's a good sign and it's showing what's the next move of the price could be, I believe 20MA and 80MA willing to squeeze the price.
The effect of the squeeze:
Squeeze can be good or bad for the price action, it depends on the 'past movement' of the stock. Meaning:
easy to see that the general past-price movement of Microsoft is going in an uptrend, and in October price fall like a lot of other stock, for sure there's a reason for this drop and one of them is price was in "Overbought area".
Why "ER" will make a huge difference:
One day after Paypal "ER" releases, price jump over 9% Here we can see the positive side of ER for the big companies, For Microsoft, I expect good movement willing to happen because of the current situation of the price.
Expectations:
1) 80MA will act now as a powerful support after price get rejected from $110.82 resistance level
2) bulls will pump enough liquidity in Pre-market price Tomorrow 'Monday' so the price will not fall under the MA and keep fighting the resistance level and testing for 3 days before the "ER".
3) the price after ER release on 24 Oct "18, will have more power to break the resistance level and cross the 20MA line to see correction progress
So yeah, this is "my thought" about Microsoft for the Next week, To the Next Sunday, have fun.
alright so we can say how MSFT last week start to making higher highs and this is after the price ended up at 11 Oct "18 as a Morning Star.
Now if we take a look at the Bollinger Band we can see that the price still moving between the Lower-Line and Middle-line which is (20MA). for sure when price being between these two levels we expect more opportunities for sell position but it's a different situation with Microsoft for multi-reasons:
a) The price starts moving up after the Morning Star Candlestick in '11 Oct 18'
b) 80MA will act as a strong support now to help the price rise up
Let me explain Quickly this point:
We can see that the 20MA start to move downward while the 80MA keeping the way up, and 'personally' it's a good sign and it's showing what's the next move of the price could be, I believe 20MA and 80MA willing to squeeze the price.
The effect of the squeeze:
Squeeze can be good or bad for the price action, it depends on the 'past movement' of the stock. Meaning:
easy to see that the general past-price movement of Microsoft is going in an uptrend, and in October price fall like a lot of other stock, for sure there's a reason for this drop and one of them is price was in "Overbought area".
Why "ER" will make a huge difference:
One day after Paypal "ER" releases, price jump over 9% Here we can see the positive side of ER for the big companies, For Microsoft, I expect good movement willing to happen because of the current situation of the price.
Expectations:
1) 80MA will act now as a powerful support after price get rejected from $110.82 resistance level
2) bulls will pump enough liquidity in Pre-market price Tomorrow 'Monday' so the price will not fall under the MA and keep fighting the resistance level and testing for 3 days before the "ER".
3) the price after ER release on 24 Oct "18, will have more power to break the resistance level and cross the 20MA line to see correction progress
So yeah, this is "my thought" about Microsoft for the Next week, To the Next Sunday, have fun.
