MSFT at/near a Top? MicroSoft approaching Major Resistance

Disclaimer
I do NOT follow the fundamentals of Microsoft.
This plot is based purely on Technical Analysis.
Admittedly, I am NOT a fan of Windows or PC's.

Technical
There are several major Fibonacci Extensions just above.
Such confluences often result in at least a pause, or turn.
If price does NOT respect the red zones, it is Ultra-Bullish.

Visual
We have the All Time High being hit just recently.
Second attempt to surpass was rejected harshly.
Third attempt may result in a "Blow Off Top".

Numbers
128.44 - 128.85 is immediate resistance, pullback there a bad sign.
129.73 - 130.29 should be major resistance, pullback almost assured.
133.49 - 133.59 could make for perfect BlowOff or BullTrap at the Top.

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See some of my other plots and trade calls below.
I also plot Forex and Crypto, take a look at my profile page.

SPX bot June 1019
SPX top April 2019
SPX top Oct. 2018
FaceBook bounce
Twitter bounce
NetFlix bounce
Amazon scalp
Gold long
Silver long
Oil long

Of course, I have had total FAILS on some ideas too, not going to pretend.
But all of my plots show PRECISE entries, TIGHT stops, and EXACT targets.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

評論:

Interesting few days since this was posted. MSFT floated higher along with the rest of the market. But it hit the high resistance, and today it under performed the market

Now back into its Band of Comfort. But I gotta admit, this looks like it might have some energy still...

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