MSFT May 20, 2024: Waiting For A Trendline Breakout

2024年5月20日

On May 20, 2024, after moving above MA-50 and holding for 2 days, MSFT looks ready to breakout above the yellow trendline as shown on the chart, which would provide a buy point.

2024年5月23日

交易進行

The stock closed at the new high for last 2-3 days, though not that strong enough. Nevertheless, the long position was triggered as the stock moved above the trendline and we are still holding now.

2024年6月13日

交易進行

As of June 12, MSFT closed at the new high with higher-than-average volume and close at the high of the session, which is a positive sign to continue holding the position. A little pull back to the previous resistance would provide a good new entry point.

2024年7月16日

註釋

I closed half of the position here as it started to go down a trailing stop, which I put at the MA-21

2024年7月19日

註釋

On July 19, as the stock pre-market returned back to the previous base @430 I think it is a good buy point to add.

2024年8月23日

手動結束交易

After a crash beginning of August, the market bounce so far was spectacular with the main indices moved back to near its all time high. MSFT bounce was weaker and today it closed below its MA-150. We decided to close the trade here.