** 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
Uwaga
Price action is very oversold on the daily... Uwaga
The bear market for Microsoft has begun. Today is not the moment to open Long Put options, will save that information for somewhere else.
Uwaga
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
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.