$MSFT - Upwards & Onwards. #MAG7: 2024 OUTLOOK

Dec 28, 2023

MSFT: Upwards and Onwards. #MAG7

Longer-term time frame perspective. As you can see from the technicals, we have a cup-and-handle ☕, which indicates bullish momentum may continue into next year!

Support: $350
Resistance: $380

With a break above the resistance zone close, I expect the next green zone targets to be hit over time. This case would not be valid if we went below support.

The MAG7 performance this year has been outstanding due to the AI boom. That is set to continue into next year, but remember, Microsoft isn't the only one with a ChatGPT investment... There are many competitions, such as with GOOG and Gemini.

Something to keep in mind is the legal aspect of AI and how that will affect companies going forward. It's a wonderful development, but the legal aspect is equally important

Key Tip: “The goal of a successful trader is to make the best trades. Money is secondary." 🧠

The majority of those who want to embark on trading as a side investment or even as a career lack the mindset and want to get rich quick. By investing or trading in that manner, you will lose your capital.

Have an amazing year ahead,

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Jan 26

Trade closed: target reached

1st target reached - Boom and just like that we've touched the areas of $400+

Jan 30

Trade active

Heading towards the 2nd target zone!

Feb 1

Note

Dovish FOMC makes sense for MAG7s to have a pull back technically as well.

Mar 14

Note

MSFT Strong US Data! MAGS are steady and MSFT Breaks further to upside!

Mar 14

Trade closed: target reached

2nd Target hit comfortably

Mar 14

Note

Next area of interest $440-500 areas!

May 27

Note

3rd base hit. It's what I like to call 'Home Run' Trade