MSFT interesting next few candles

已更新
*Not financial advice, do your own research
This is my first NYSE analysis, I guess it never hurt to be a traditional trader.

Insight:

Textbook ascending triangle, price could be reaching the end of its compression period, signaling for a breakout, what direction it will go is never 100% predictable
However, typically the height of the triangle (6% price change) is correlated to the size of the breakout.

The ichimoku cloud has been notoriously respected by MSFT as a dynamic support level, future cloud is green, chikou span (lagging span, green) has a bullish signal because of the cross from below to above the two leading spans, bullish tenkan (9 period leading span) cross from below the kijun (26 period leading span) to above

All combined with an oscillator, the RSI, which is relatively strong, but looking to grow as it has been on an uptrend and respecting shown resistance, bullish.

Can risk trading within the triangle, be sure to have proper risk management,
Can wait for breakout, less profit, but safer.

Best,

William
註釋
快照

Updated idea, waiting for further consolidation and clear breakout,
Cautious of manipulation
註釋
Retest of support level, stay tuned
手動結束交易
Closing this trade to continue watching MSFT consolidate, this consolidation may match with its upcoming earnings report and absolutely blow up in either direction.
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