MSFT: favorable winds & next projected target
MSFT saw a smooth and easy push thru the resistance range after the market weakness last week - and with reasonable demand. we can expect "favorable winds" to continue in the short term, and new ATH's !!
My estimate for the current move is $14.5 from the reversal level @ ~ $195. so our next target is somewhere around the $209.5 level - remember, no one can tell the future :)
this is the earnings month where MSFT reports not only the quarter (fiscal Q4) but also the full fiscal year results - so caution is critical especially if trading options around the earnings.
the safest play (IMHO) is to just buy and hold MSFT for the long term. if we time our entry well then hopefully the results will be rewarding.
My estimate for the current move is $14.5 from the reversal level @ ~ $195. so our next target is somewhere around the $209.5 level - remember, no one can tell the future :)
this is the earnings month where MSFT reports not only the quarter (fiscal Q4) but also the full fiscal year results - so caution is critical especially if trading options around the earnings.
the safest play (IMHO) is to just buy and hold MSFT for the long term. if we time our entry well then hopefully the results will be rewarding.
