Hello everyone. I've published bullish trading ideas on Microsoft with entries of 246-249 and 222-225 respectively. After the recent decline, I think it's probably a good time to consider the bullish entry again!
On the weekly, the stock is testing the short-term MA which sits around 282. I also noted that uptrend line and a solid demand zone marked in yellow colour.
On the daily chart, it's gonna fill the gap created on July 22nd.
So, to sum up, I think it's a good opportunity for bullish buyers. What do you think?
Give me a like if you're with me.
On the weekly, the stock is testing the short-term MA which sits around 282. I also noted that uptrend line and a solid demand zone marked in yellow colour.
On the daily chart, it's gonna fill the gap created on July 22nd.
So, to sum up, I think it's a good opportunity for bullish buyers. What do you think?
Give me a like if you're with me.
Note
Price got response to the zone. Note
I love the formation. It's pretty bullish. Note
It formed a daily basing candle yesterday. A bullish leg-out one is likely to be created. Note
As expectedNote
New high created...Setup works well.
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plan your trade and trade your plan
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.