MSFT March 15, 24: A Failed Breakout

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On March 12, 24, I wrote about MSFT as it crossed the trendline with higher than average volume, which provides a buying opportunity.

Later, on March 14, 24, the stock again broke out into the new all-time high, which provided an additional buy point.

You can see these 2 posts below in the related idea section.

However today MSFT, although still looking good, moved down the previous resistance with very big volume which showed that the breakout on March 14, 24 was failed.

I bought the stock on March 12. I also bought some on March 14. But as the breakout failed I sold what I have bought on March 14. I am ready to enter again if the stock move up to new all time high again.

What do you think about MSFT Please share your idea. Thank you
交易進行
On March 21, I re-entered again as the stock reclaimed the previous resistance and one more time broke into new high.
手動結束交易
Closed the trade as the price closed down below MA-50
breakoutChart PatternsfollowthetrendTrend Analysis

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