MSFT Paths Ahead of Earnings
MSFT is set to report earnings next week as we kick off mega cap earnings season. MSFT just had a fakeout above it's major ascending channel from 2023. It has now fallen all the way back down to the bottom end and even closed below today. It can still bounce, but if not I'll be looking for a move down to $398-$400 at least.
That may provide a bounce, but if this channel does break, I would fully expect it to reject if it came back for a retest in the future. This could be a great dip buy if it holds, but I'll be waiting for confirmation and would never recommend buying options before earnings. It's an important watch either way due to the impact it has on NQ and the rest of the market.
That may provide a bounce, but if this channel does break, I would fully expect it to reject if it came back for a retest in the future. This could be a great dip buy if it holds, but I'll be waiting for confirmation and would never recommend buying options before earnings. It's an important watch either way due to the impact it has on NQ and the rest of the market.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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