MSFT Long

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MSFT... Currently trading at a price of $430.98 with a target of 435 and extended target at 440

MSFT is breaking out of the upper trend-line.
- The move to the upside will target the red candle first that is circled before it hits 440 and all-time highs after.
- That red candle opens at 437.44 and drops to a close at 432.53.. the high and low is 438.50 and 432.10 respectively...
- the upper trend-line (blue line) breaks at $431.50.. MSFT will travel to 432.50 and experience slight resistance at the closing price of the previous red candle that was a fake breakout.. the bigger resistance levels come at 435, 437.44 and 438.50..
- The 9 day EMA crossed over the 50 day EMA upwards which is bullish..
- The volume on call option contracts were bought heavily ... Every Open Interest has to open higher tomorrow than what it was today to be a continuation of the price increasing and that the trend is supported. That means people are still holding their positions or there is high liquidity at those price levels for the stock.
- 435 Call 12/6 3:1 Volume .. Open interest needs to be higher than 5,246
- 437.50 Call 12/6 6:1 .. Open interest needs to be higher than 1,637
- 440 Call 12/13 2:1 .. Open interest needs to be higher than 2,534

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