MICROSOFT How to trade as the Earnings approach?

Microsoft (MSFT) is set to report the Earnings on Tuesday and last time we gave gave a pull-back buy signal (December 01 2023, see chart below) we caught the exact bottom:


Our original long-term Target was $460.00 but we have to downgrade it to $440.00. On the short-term it may be wise to take most or at least some of the profit if the 1D MA20 (red trend-line) as this has been a medium-term sell signal on July 26 2023. It's not just potentially lower than expected Earnings that may turn the trend bearish on the medium-term but also the Fed, which announce the Rate Decision on Wednesday.

As a result, if the price breaks below the 1D MA20, we will short and target the 1D MA100 (green trend-line) at $370.00 where we will add another long-term buy position. Notice that the 1D CCI indicator and the correlation with the 2023 price action, shows that both scenarios are equally likely at the moment.

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