Possible price target in next 20 weeks!
Looking at the Microsoft chart you will find out corrections between 8.37 - 9.54% repeatedly!
Having said that, anytime after an 8-9% decline from the top you could start evaluating the chart for possible reversal and opening long position!
What Is Buy the Dips?
"Buy the dips" means purchasing an asset after it has dropped in price. The belief here is that the new lower price represents a bargain as the "dip" is only a short-term blip and the asset, with time, is likely to bounce back and increase in value.
Buying the dips refers to going long an asset or security after its price has experienced a short-term decline, in a repeated fashion.
Buying the dips can be profitable in long-term uptrends, but unprofitable or tougher during secular downtrends.
Dip buying can lower one's average cost of owning a position, but the risk and reward of dip-buying should be constantly evaluated.
(Investopedia)
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Having said that, anytime after an 8-9% decline from the top you could start evaluating the chart for possible reversal and opening long position!
What Is Buy the Dips?
"Buy the dips" means purchasing an asset after it has dropped in price. The belief here is that the new lower price represents a bargain as the "dip" is only a short-term blip and the asset, with time, is likely to bounce back and increase in value.
Buying the dips refers to going long an asset or security after its price has experienced a short-term decline, in a repeated fashion.
Buying the dips can be profitable in long-term uptrends, but unprofitable or tougher during secular downtrends.
Dip buying can lower one's average cost of owning a position, but the risk and reward of dip-buying should be constantly evaluated.
(Investopedia)
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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