MSFT: are we ready for the next run to $250+?

MSFT bulls seem to be building momentum to capture the next range. with good news acting as catalyst ($22Bn contract announced) the winds are in their favor

Quick Chart Reading:
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• the price continues to respect the established channel
  
• we're heading towards the same target zone from previous chart reading (linked below).
  
• the initial projected move is to the $252 - $254 range .. around 4% from the closing of the week, and a 10% from the low of the currently established horizontal range.
  
• from there, the ideal scenario is that the bulls can defend and maintain the new range which may take MSFT up to the $260's
  

the reason i love this chart is how well-behaved MSFT stock moves - predictable in a good way - no emotional crazy moves :) , and the long term price growth is relatively consistent, especially when you zoom out to the weekly / monthly views.. MSFT is like money in the bank.

- here's another view of MSFT
- i usually inspect both these views as i trade MSFT
- if i'm holding the stock, these views give good insight of when to sell Covered Calls to generate a little more out of the invested capital.

Note
- i mainly use trend, momentum, sentiment and Supply/Demand for my chart analysis and trading
- all indicators in these views are published here in TV, with hopefully good explanation about how to use/read/interpret them
- pls comment if you believe i should post more about how i use these indicators

评论:

Target hit -- bull's eye :)