MSFT - Bearish Harmonics - Short OpportunityMSFT displays multiple bearish harmonics; Some are painted on the Chart.
Downside targets are listed within Chart.
Enjoy!
MSFT trade ideas
MSFT - Getting close to major resistance.NASDAQ:MSFT is up 19% over the last month and is now coming to some major resistance.
We have the Double 1.618% levels from the previous 2 highs plus the 61.8% level from the ATH.
The measured ABCD is up just above 300 which is also a major FIB number 3.
We have just gone past equal tops in time.
If its similar to the last retracement then we should be looking at a move back to 250-270.
Big week ahead with a major turn point coming on Tuesday.
Enjoy the week.
MSFTMicrosoft rallied 5.5% to reach the above mentioned objective. Going forward, prices could rally towards the December 2021’s support of HKEX:320 if prices can sustain above $306. In contrasts, a daily close below HKEX:290 could then trigger selling pressure and that could exposure Microsoft to the $275 support. Also worth noting that there is a MACD bearish divergence (blue line).
Microsoft is not ready for more upside Microsoft is not ready for more upside Now , it should be down for make last wave of triangle
Under FWB:250 is buy opportunity for all new high
Msft pullback then complete the moveWill most likely close the gap at 310.88 this, but I expect a pullback first.
My targets are 302.50,
below 302 and 297-299 trendline retest
Daily RSI is near its reversal area
Either it bounces at 302 or 298 but I expect a Nike check ✅ to close the 311 gap.
Could melt up to 315 but I expect a major correction after that.
MSFT - Broken Ceiling Falling Channel- MSFT has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- MSFT has broken a resistance level in the short term and given a positive signal for the short-term trading range.
- In case of a negative reaction, the stock has support at approximately 277.
- Overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price
*Chart Pattern:
DT - Double Top | BEARISH | RED
DB - Double Bottom | BULLISH | GREEN
HNS - Head & Shoulder | BEARISH | RED
REC - Rectangle | BLUE
iHNS - inverse head & Shoulder | BULLISH | GREEN
Verify it first and believe later.
WavePoint ❤️
MSF ShortDisclaimer: This is not financial advice. The information presented is only an opinion and should not be considered as investment guidance. Do your own research and consult a financial professional before making any trading decisions.
Trade Details:
Instrument: Microsoft Corp. (MSFT)
Position: Short
Entry: Between 284 - 292
Stop Loss (SL): 304 (2 x Daily ATR of 6 = 292 + 12)
Target Levels:
Target 1 (T1): 0.382 Fibonacci retracement level
Target 2 (T2): 0.618 Fibonacci retracement level
Target 3 (T3): 1.0 Fibonacci retracement level
Target 4 (T4): 1.272 Fibonacci extension level, which is top of pre covid highs.
Please note that this trade idea is based on technical analysis and current market conditions. Market conditions can change rapidly, and it is essential to keep an eye on any fundamental news or events that may impact the stock price. Always adhere to proper risk management and use appropriate position sizing.
Earnings Beat/Up Rising Wedge/RSI Divergence.MSFT had an earnings number that was obviously well received.
Price is to over the top trendline of a bearish rising wedge. This does happen and time will tell if this goes down to break the bottom trendline of the wedge. A Rising wedge is not valid until tat bottom trendline is broken.
Price is at the 2.0 of the W pattern on a strong green candle.
Not overbought.
No recommendation.
RSI slopes down and price/candles are sloping up which creates a bearish divergence but this may keep going. It depends on just how crazy buyers get.
The wedge and the divergence will most likely correct.
Time will tell.
Watchlist 2023-04-27 $SPY $HOG $MSFT $PACW $XRX AMEX:SPY - As mentioned yesterday -" Looking for break and hold below 406 and a break and hold over 408.30 for continuation in either direction". We had our move lower despite the positive earnings for the tech giants like MSFT. Bias is short today until we can close above 408 on the hourly. After two big moves lower, we might see movement contracting and could even get an inside day.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NYSE:HOG - Q1 Earnings, Revenue Rise, but credit Is weighing on financial unit . Looks like a buy over over 39 if RVOL picks up over 2.5, especially as PD was a wide range red bar.
NASDAQ:MSFT - day 2 continuation over 297. Although 297 is only the PM High, it is above the High vol node that formed PD. IF we get above there, I think we can at least test the daily high at 299.50 especially with META reporting position results.
NASDAQ:PACW - shorting weakness under 10.90 where a nice support formed in the PM and is confluence with the PD low.
NASDAQ:XRX - Since there was a look above 15.60 and rejection ,still expecting a move down to 15. Looking for a rejections of the inflection area of 15.50 to enter a short as this is a failure to accept the new range.
Will MSFT hit $318That is the question I have been wondering. I didn't think it would have the energy to push to the 1.0 if we are being honest. Then along comes the earnings report and reminds me never to doubt the power of the 1.0. MSFT earned 9.42% more than expected and revenue was up an extra 3.6% as well. This resulted in it jumping 7.24% today.
I think we still get at least OMH and very possibly push to the 1.0 fib line @ $318.44. Time wise & the lack of fib resistance, mixed with the S&P needing a retrace tell us another is needed. That being said this count could be considered complete and we could start heading down towards our next target of sub $200. This is not a spot to go long. Yes, my primary is OMH, but by this point you're trading for scraps.
Bonam Fortunam,
--Tyler
What should you do with MSFT?For those who have MSFT options, it would be better to close call options!
Pre-earning Analysis:
microsoft corpwhat we are seeing is the B wave of major ABC corrections. Now we should have wave C in the form of a decline. Long positions should be avoided, 61.8 % retracement is enough for wave B. Wave B are suckers. they make you believe that everything is fine. so be careful. and All the best. happy trading.
$MSFT Analysis, Key Levels & TargetsNASDAQ:MSFT Analysis, Key Levels & Targets
I like MSFT… It’s just that I’m a bear at these levels…
I opened a put position… Aug 18th 300…. @ 17.53
And I’m looking for about 260-265 to take profit….
I have short put orders out also to hedge up on the dips….
So let’s see what happens… August 18th is 114 days out… and I’ll roll out and up if I have to….
I will keep this idea updated below… in the past I haven’t had a good system to update my ideas because I do so many trades in a day and it’s not always easy… but I think I figured out a way…. 💃🏻
MSFT is very extended short term MSFT is very extended on short term basis and trading near upper trendline.
MSFT: Buy ideaOn MSFT as you see on the chart we have a buy idea because we have the breakout with force the vwap and the breakout of the resistance line by a big green candle with a large green volume. The buyers took over the sellers.Thanks!
MSFT Bird's' Eyeview - Bullish Outlookday ended with a bullish engulfing candle. However, price has a resistance which is also an important fib level of the wave. A cup and handle may be forming if
the price drop to 270 and back up. Fed news might do just that next week.
If price breaks current resistance level then upside potential levels are 315, 350 and further 380.
Cloud growth slows; market focuses on revenue from ChatGPT.Microsoft (MSFT.US), which ranks second in market capitalization in the U.S. stock market, will announce the results for the third quarter of fiscal year 2023 on April 25, EST after the U.S. stock market. Analysts generally expect Microsoft's Q3 revenue to be about $51.1 billion (up about 4% year-over-year), and GAAP earnings per share to be about $2.24, compared to $52.75 billion and $2.32 in the previous quarter.
In terms of beating expectations, Microsoft's performance has rarely disappointed investors. In the past 12 quarters, revenue has exceeded analyst consensus estimates 10 times, and earnings per share (EPS) have exceeded analyst consensus estimates 11 times. Therefore, many investors expect that although Microsoft's Q3 performance is slightly weak, the probability of exceeding expectations is very high.
The Azure cloud business remains crucial, but the growth rate will likely slow down again. Analysts predict that Microsoft's intelligent cloud business growth will slow sharply to an increase of 15%-19%.
Investors are focusing on the revenue brought by AI, with Microsoft CEO Satya Nadella emphasizing the importance of ChatGPT-led AI technologies. The company's investment in OpenAI, the creator of ChatGPT, has generated significant interest in the potential growth of Microsoft's Bing search engine. As a result, Microsoft's stock has risen by over 19% for the year, outperforming both the S&P 500 Information Technology index and the S&P 500 index. Investors' attention is primarily focused on Microsoft's Bing search engine and its potential for long-term growth.
The short trend is bearish, but the mid-range trend is still in uptrend.
Targeting 260s following reportMSFT is due for a backup/retest within a larger Accumulation structure; however, near-term there has been minor distribution which suggests this pullback could be deep enough to make some money on the puts side.
Point target is 266, which will be a critical level:
- if it bounces in the 266-270 range, it can continue higher to upper 290s (it would be pulled back down from there toward equilibrium point of 266 by mid-May)
- if it falls below 266 then it will make explosive move to next target of 247, where it will likely bounce and move up toward 266 equilibrium point by mid-May
- Lowest I can see it going is 233, where it will find support
Momentum is to the downside near-term, after breaking below 281 (the breakdown level from recent minor distribution). As long as it stays below that going into the report today (4/25) then we will see the downside follow through to at least 260s.
Expect price action to be something in between the solid red trajectory and the dashed black trajectory.
MSFT: Sell ideaSell idea on MSFT as you see on the chart after the breakout of support line and vwap.Thanks!
Microsoft before earnings report Shares in Microsoft Corporation (symbol ‘MSFT’) made overall gains of around 20% in the first quarter of the year. The company is expected to report its earnings for the fiscal quarter ending March 2023 on Tuesday 25th of April, after market close. The consensus EPS is $2.22 compared to the result for the same quarter last year of $2.22.
‘There is a lot of news hitting mainstream media about the company in regards to its Activision acquisition deal. Earnings come just one day before the Competition and Markets Authority (CMA) statutory deadline to deliver its Phase-2 verdict on the 26th. This could impact the share price negatively if the deal is called off.’ said Antreas Themistokleous, an analyst at Exness ‘ At the same time there is an announcement from Microsoft that they will be dropping Twitter from their advertising platform starting April 25th (earnings day) while Elon Musk is threatening to sue Microsoft over Twitter data. ‘
On the technical side the price is trading in a relatively strong uptrend and is currently facing resistance around the HKEX:290 price area which is a strong inside resistance since mid August 2022. Even though the Stochastic oscillator is near its extreme overbought levels, the 50 SMA is trading well above the 100 SMA indicating that the bullish momentum is still valid and a possible continuation to the upside is a very possible scenario. In the short term we might see some minor correction to the downside before continuing the journey to the North but the 20 day SMA is currently acting as a support making the event of a correction slightly more difficult.
$MSFT - Failed Break OutNASDAQ:MSFT struggling to break to higher highs, fully expecting a test of the lower channel TL.
Positioning: Bearish in the near term until it retests the lower channel TL
MSFT still can rise up ???MSFT closed at bottom sell zone ( 286$) last week. At 1h chart not dead cross yet , so i expect MSFT can break double top (292$) to get target this time at (294-295$).
Any candle close under 283$, we will stop this plan.
If MSFT had candle close under 283$, we will short MSFT to 275-277$
