MSFT has tested and bounced of the 100sma 9 times, since September 2020.
In all of the 9 tests, RSI was in the 30s, but not oversold. It is currently at the same level.
Besides the multiple tests of the 100sma, we have three tests of the bottom of the horizontal range (drawn with purple horizontal lines). We could potentially see a fill the gap situation short-term.
I think it is a great place to buy.
Placing layered stop-exits to preserve gains.
Risk-reward-ratio is over 4, for a better understanding of the trade, check the Long Position projection to the right of the chart.
Good luck.
In all of the 9 tests, RSI was in the 30s, but not oversold. It is currently at the same level.
Besides the multiple tests of the 100sma, we have three tests of the bottom of the horizontal range (drawn with purple horizontal lines). We could potentially see a fill the gap situation short-term.
I think it is a great place to buy.
Placing layered stop-exits to preserve gains.
Risk-reward-ratio is over 4, for a better understanding of the trade, check the Long Position projection to the right of the chart.
Good luck.
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Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.