MSFT has formed a large double top, and might be starting a correction towards the support below.
It's interesting to note that the top happened at the highest low in the weekly chart, and that we have two 9 week modes in the chart, from the top.
If we were to cross the earnings support, the inside trendline, and the 9 week mode below, we could see a correction landing into the earnings support levels below, close to the 45 handle.
We can go short with stops above 55.43, either at a new low, or at a slight retracement approaching the 55 mark.
If we don't get a new high tomorrow, and the close remains under 55, we might good odds with this trade.
Refer to Tim West's publication for the fundamental outlook for this stock.
See related ideas.
Good luck if taking this trade,
Ivan Labrie.
It's interesting to note that the top happened at the highest low in the weekly chart, and that we have two 9 week modes in the chart, from the top.
If we were to cross the earnings support, the inside trendline, and the 9 week mode below, we could see a correction landing into the earnings support levels below, close to the 45 handle.
We can go short with stops above 55.43, either at a new low, or at a slight retracement approaching the 55 mark.
If we don't get a new high tomorrow, and the close remains under 55, we might good odds with this trade.
Refer to Tim West's publication for the fundamental outlook for this stock.
See related ideas.
Good luck if taking this trade,
Ivan Labrie.
액티브 트레이드
노트
8 days at 55.12.We might get a sharp decline next, fireing a time at mode downtrend signal.
노트
Great daily close.노트
We could be witneseeing a double top here. Let's see how it goes.
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관련 발행물
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.