Hello everyone. Microsoft has been down by almost 20% from the historic high of 349ish created on late Nov. of last year.
I got two reasons for the bullish setup:
1. Mid-term MA has been respected well since June of 2016.
2. Structure on weekly is aligned with daily. Though, the second layer around 227-2336 is more solid with another 16%-20% down from the current level.
Trigger:
1. The earning report is due soon. We'd better wait. If the result is better than estimation. That's my confirmation one.
2. I need to see price action to the zone. To be more specific, I need small candles and reversal pattern formation. That's my confirmation two.
Frankly speaking, I'm not afraid of holding stocks like Microsoft. The pullback really gives us an opportunity.
What do you think? Give me a like if you're with me.
I got two reasons for the bullish setup:
1. Mid-term MA has been respected well since June of 2016.
2. Structure on weekly is aligned with daily. Though, the second layer around 227-2336 is more solid with another 16%-20% down from the current level.
Trigger:
1. The earning report is due soon. We'd better wait. If the result is better than estimation. That's my confirmation one.
2. I need to see price action to the zone. To be more specific, I need small candles and reversal pattern formation. That's my confirmation two.
Frankly speaking, I'm not afraid of holding stocks like Microsoft. The pullback really gives us an opportunity.
What do you think? Give me a like if you're with me.
plan your trade and trade your plan
