LindellBrown

Microsoft OBSERVATION - Golden Gates

NASDAQ:MSFT   Microsoft Corp.
Microsoft has experienced its first golden cross since Feb 2019. Upon its previous occurance, Microsoft rallied from 108 to 190. I am not suggesting this will happen again, however. It’s very likely that Microsoft will see a double top before a fall back down. I would, from technical indicators, suggest that MSFT still has an interest in following the mapped trendline.

It’s equally as easy to get stopped out in this position, though. We can see the level at 161 being a very important support level should it hit before rallying.
Trade active: Healthy start to this trade, but we are about to run into an unmarked resistance of $178... if MSFT can push through this healthily, then we should see positive results. I would shift the stop loss to the OG entry, however.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out