$MSFT TOP 20
Added 2024-10-31 11:36:19 +0000 UTCWe have had our concerns about $MSFT
It is not because it is a bad company or it even produced a double beat on earnings with very little concerns.....but the chart has been showing a different story over the last few weeks.
Unlike $GOOG, which was struggling too but still holding above its 200 Day MA, $MSFT kept dipping below this level and I was struggling to see anything more than a Wave B bounce here.
Price is back below the 200 Day MA ($420) now to $416, if we see a rejection at the 200 Day MA...then we need to assume that Wave C is next, there is no changes to the chart here.
Comments
Ready to enter when wave c comes
Chris H
2024-10-31 14:12:13 +0000 UTCAs much as I hate everything about them and their products they have a massive monopoly in business software, successfully switched to a subscription model and gobble up any new-entrants that compete with them... see Slack/Zoom vs Teams for example...
Trevor Sweetnam
2024-10-31 12:11:24 +0000 UTCWould be very hard to ignore it at that level, considering how strong it is fundamentally
Gareth Neary
2024-10-31 12:00:47 +0000 UTCLook forward to this hitting the buy zone.
Trevor Sweetnam
2024-10-31 11:51:18 +0000 UTCAn absolute knife thru a buttery 200SMA. About to death cross with the 50SMA today too. I trimmed my position yesterday based on your recent analysis. Thanks again for the work!
Trading Chairman
2024-10-31 11:44:06 +0000 UTC
