MSFT - heading to support in the 340$ area

12 thg 3

A very simple chart, just a channel and monthly MACD.
Like some other tech stocks the ATH was in July 2024 and price seems to be heading to the lower trend line. If it does, the entire market will go down further as well.
So keeping an eye on the monthly charts of big tech is important.
The MACD (standard settings) of AAPL, GOOGL and NVDA is about to cross into "sell".

29 thg 3

Ghi chú

The entire market got rejected at the 30D EMA and I don't expect MSFT to hold the white horizontal support. My target for long entry attempt is 337$.

6 thg 4

Ghi chú

should reach the bottom of the big channel in early May:

13 thg 4

Ghi chú

reached the target sooner than expected:

22 thg 10

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good analysis doesn't make a good trader ...