Microsoft (MSFT)
Correction in QQQ IS NEARING AN END MOVE BACK INTO LONG SIDE The chart posted is the QQQ of which topped now 23 time cycle peak we are now at the tail end of the correction it time and nearing the end of price I do not see more than a 360 print in fact I an long at 50 % and now have added options for july and sept best of trades WAVETIMER
$MSFT back to a dynamic yearly support$MSFT is back down to its 30 SMA on the weekly which is equivalent to its 150 SMA on the daily timeframe. The 30 & 40 SMA on the weekly form a nice dynamic support range for MSFT which has been a top performer in 2020 & 2021. We can expect some institutional buyers here. Let's see if they will show up.
RSI reading is breaking below 50 meaning this can be the start of a downtrend if no institutional buyers bid in MSFT.
Microsoft Analysis 13.01.2022Hello Traders,
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Microsoft: Buying at Key Level Microsoft - Short Term - We look to Buy at 306.00 (stop at 290.00)
We look to buy dips. Previous resistance, now becomes support at 305.00. Trend line support is located at 310.00. We have a 61.8% Fibonacci pullback level of 280.00 from 350.00 to 306.74. The bias is still for higher levels and we look for any dips to be limited. Further upside is expected although we prefer to set longs at our bespoke support levels at 305.00, resulting in improved risk/reward.
Our profit targets will be 349.50 and 380.00
Resistance: 345.00 / 350.00 / 360.00
Support: 305.00 / 280.00 / 260.00
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MSFT Nice reaction to the previous high area.Today, Microsoft stock (MSFT) retested the previous swing high in this uptrend, which came along with a weekly rsi "reset" to 52. The two previous times msft's weekly rsi has touched 52 has been at $212, and $200. As you can clearly see in the chart, we are in an uptrend, consistently making higher highs and higher lows for the past ~280 weeks. For uptrend dip buyers, the opportunity here is fantastic (once we confirm reversal). As someone who is already holding the stock in profit, my plan is to carefully watch the current price action, to confirm we have put in a higher low. If price begins to close below $300, I will consider selling my position.
Even though I'm not a professional, I felt that I needed to share this as msft's situation feels very precarious and I believe holders must be on the lookout. Thanks for reading!
Microsoft (MSFT) | The best scenario for climbing📝Hello traders, Microsoft in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
It is better not to talk about the general nature of this wave and only explain the counted part of the wave.
Based on the counting of the first wave 1 and 2, it has ended in a very normal state, and now we are inside wave 3.
From wave 3, waves 1, 2 and 3 are completed and now wave 4 is formed, we assume that wave 4 is formed in the form of a flat and two waves are needed from this flat to complete and the end point of this wave can be due to wave 2 which is deep. It should be around 0.23 and 0.38 and it is better to start the upward movement for wave 3 by hitting the trend line and breaking the upper side of the channel.
The target for Wave 3 is a multi-fibo collision.
If the warning sign is broken down, the field analysis is not done, but it returns to normal.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
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Where is the next support level for Microsoft?Most professionals believe the second biggest company in the world (MSFT) has one of the best balance sheets in the world!
But this was not enough to separate Microsoft from Tech's sell-off!
Microsoft has experienced lower lows in 8 consecutive trading days so far, the last time something like this happened was 11 years ago(June 2010)..!
Since 1987, Microsoft has had 9 bearish cycles with more than 8 lower low days in a row! and never ever more than 10 lower low days in a row!
This makes the chance of recovery higher on Wednesday!
If Microsoft keeps going down for the next 3 days, we are going to have a new record! which could be concerning!
Best,
Moshkelgosha
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MICROSOFT Short Term View Bearish Or Bullish 1. Hidden Bearish Divergence
2. Making a double top and Mild Volume profile support at Target 1
3. If he Candle forms Bearish closing daily candle will fall back to Target 2
4,RATIONALE for Bullish Move :
4 a. Can take regression Channel Support and move UP
4 b . Its taking 100 EMA support in Daily TF since Corona Meltdown in March 2020 , May bounce back from there
4 c . Mild support as pr FIBo will push the Price Up , Observe for the Volume building up in Lower TF , If it increase go Long
4 d . Volume squuzed up after profit booking at Demand Zone around 280 levels , May touch and Bounce
4 e. It filled the gap and touched 310 levels and formed a doji candle may consolidate a bit and rise above the 310 levels , wait for candle confirmation in Daily TF
5. RATIONALE for Bearish Move :
5a Next Fibo support at lower levels and next volume support at lower levels .
5 b if there is no accumulation will fall back at the lower levesl , Volume will decide if it goes up from these levels
BULLISH PROBABILITY IS MORE THAN BEARISH .
LIKE IF YOU AGREE WITH THE ANALYSIS
$MSFT short term bounce wouldn't be a surprise The amount of bearish takes on the market have grown rapidly as of the past week, many traders are chasing shorts to the downside (I don’t believe this is smart as your risk/reward is poor.) otherwise known as shorting in the hole. If a contrarian view point holds true the market will provide a bounce next week stopping these traders out, after that can re-access price action. We are extended off the moving averages and a bounce back into them would not be surprising. The gap has filled and there is 300 psych level just below, in the short term I think a bounce is likely. I would take a long over previous days high, lets see how this pans out. Also to note: QQQ has held key support zone so far.
MSFT breaking to the downsideBig breakout candle on MSFT,
Just closed below the trendline on the ascending triangle.
Opening already below yesterday's low.
Might wait to see if it pushes higher at open and look for an opportunity to short it.
Also has a gap that can be filled
Entry: 315.90
Targets: 312.40 / 305.80
**Disclaimer: This is just a trading idea, not a financial advice**
ROTATION ? OR TRANSITION TO BEAR QQQ VS QQQE has started to show a very clear move out and is just stating to hit the Big mega caps names . I DO NOT have any sign of a bottom now ! the line in the sand is at 375.91 in the QQQ and I would think that we will see the QQQE breaking the neckline of its head and shoulder pattern that has formed .Cycles are neg now till late jan to early feb . One by one of the winning mega caps cost msft seem to have now formed a top and i look for downside to be picking up rather soon . have a good weekend and best of trades WAVETIMER
5 WAVES UP ENDED LOOK FOR A CRASH We have ended into a Month in history with the highest level of major market tops outside of late aug 17 to sept 10 thru out the markets history . at THIS POINT and the wave structure as well as fib relationships within the the wave structure . I can now say we are setup for a CRASH cycle I think it has started and will see it over the next few days . the weekly rsi has not confirmed this rally as well as the nysi and nymo models put/call/ are not at any bottom or value nor is the naz dsi or fear greed index . BEST OF TRADES WAVETIMER