This one is interesting..
I see two different patterns here..
The bearish pattern is a double top that would take us to 255 or daily 200ema.
The bullish pattern is a falling wedge - that would take us back to 272 gap close.
So which one is it?
If we drop below 260 that would be my entry for 255 target.
Anything above 260 isn't a good entry for a short.
For the bullish scenario any entry should be above trendline breakout. I prefer above 264 but if your a permabull 😉 you can jump the gun with a 260 stop loss.
Overall Msft will go In market general direction at this point but like aapl and tsla , msft sheer market cap can move the nasdaq.
I bought calls earlier on this after swinging short. Got stopped out late in the day
I see two different patterns here..
The bearish pattern is a double top that would take us to 255 or daily 200ema.
The bullish pattern is a falling wedge - that would take us back to 272 gap close.
So which one is it?
If we drop below 260 that would be my entry for 255 target.
Anything above 260 isn't a good entry for a short.
For the bullish scenario any entry should be above trendline breakout. I prefer above 264 but if your a permabull 😉 you can jump the gun with a 260 stop loss.
Overall Msft will go In market general direction at this point but like aapl and tsla , msft sheer market cap can move the nasdaq.
I bought calls earlier on this after swinging short. Got stopped out late in the day
