** long term forecast, the years ahead **
On the above 2 month chart price action has rallied 700% in the last 9 years. A number or reasons now exist for a bearish outlook. They include:
1) Price action and RSI support breakouts.
2) Legacy support confirms resistance.
3) A rising wedge formation confirms breakout, with 50% correction forecast to $220. (see below)
4) Regular bearish divergence as measured across a 10 month period. It is in fact the highest number of oscillators to negatively with price action.
5) Confirmed monthly Gravestone DOJI candle. (see below)
6) A 70% correction would still leave Microsoft with a market capital of $915b !!
Is it possible price action continues to print higher highs? Sure.
Is it probable? No.
Ww
Rising wedge breakout
Monthly Gravestone DOJI
On the above 2 month chart price action has rallied 700% in the last 9 years. A number or reasons now exist for a bearish outlook. They include:
1) Price action and RSI support breakouts.
2) Legacy support confirms resistance.
3) A rising wedge formation confirms breakout, with 50% correction forecast to $220. (see below)
4) Regular bearish divergence as measured across a 10 month period. It is in fact the highest number of oscillators to negatively with price action.
5) Confirmed monthly Gravestone DOJI candle. (see below)
6) A 70% correction would still leave Microsoft with a market capital of $915b !!
Is it possible price action continues to print higher highs? Sure.
Is it probable? No.
Ww
Rising wedge breakout
Monthly Gravestone DOJI
הערה
Price action is very oversold on the daily... הערה
The bear market for Microsoft has begun. Today is not the moment to open Long Put options, will save that information for somewhere else.
הערה
Still waiting... Investors are relishing in new riches as the stock shoots up with the onset of thousands layoffs.
Money that was used yesterday to pay salaries can now be used for stock buybacks. Good times.
Welcome to the dark world of investment.
"The Big Buyback: Microsoft is splurging $60B on its own shares, and it’s not the only one"
sherwood.news/snacks/the-big-buyback-microsoft-is-splurging-60b
כתב ויתור
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.