Potential MSFT Breakout
Potential bullish breakout on MSFT:
This analysis is purely technical, so be aware of this - MSFT is currently experiencing choppy trading thanks to immense amounts of speculation regarding it's price. Is MSFT overvalued? I'll leave that opinion to your own due diligence. But current evaluations on websites like Yahoo finance are stating that MSFT is overvalued, resulting in investors taking profits and anticipating an entry at a lower price.
However, the charts are showing a potential bullish breakout on MSFT. We are instantly hit in the face with a rather questionable, yet potentially bullish looking wedge on the 1D. The OmniBands are compressing as well, which historically for many tech stocks like MSFT indicate a breakout is incoming.
For those confused on what OmniBands are/what they measure, read this:
*** "There are 2 sets of support (green) and resistance (red) bands. The 'short' more volatile bands render short term price action and weaker levels of support or resistance. The 'long' bands allow you to see the larger and more significant buying and selling zones." (directly from OmniTek Trading's website)
As always, do your own DD.
Happy trading!
This analysis is purely technical, so be aware of this - MSFT is currently experiencing choppy trading thanks to immense amounts of speculation regarding it's price. Is MSFT overvalued? I'll leave that opinion to your own due diligence. But current evaluations on websites like Yahoo finance are stating that MSFT is overvalued, resulting in investors taking profits and anticipating an entry at a lower price.
However, the charts are showing a potential bullish breakout on MSFT. We are instantly hit in the face with a rather questionable, yet potentially bullish looking wedge on the 1D. The OmniBands are compressing as well, which historically for many tech stocks like MSFT indicate a breakout is incoming.
For those confused on what OmniBands are/what they measure, read this:
*** "There are 2 sets of support (green) and resistance (red) bands. The 'short' more volatile bands render short term price action and weaker levels of support or resistance. The 'long' bands allow you to see the larger and more significant buying and selling zones." (directly from OmniTek Trading's website)
As always, do your own DD.
Happy trading!
註釋
MSFT broke out roughly two days after publishing this idea - I hope you guys were able to bank off of that! Unfortunately, I missed out :( But I'll still be patiently sitting here waiting for another opportunity to go long :)
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。