Trading idea for Microsoft Corp. (NASD)


Technical reviews


The overall trend is upward. The stock is trading in the range of the lower limit of the ascending price channel. The descending pattern of the H1 level is currently truncated. A bullish divergence has formed on Awesome Oscillator, and the moving averages of Stochastic Oscillator are near the oversold zone.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern of the H1 level.

Stop loss under the price pivot zone of 208.10.

Target levels: 226.00; 232.00.

Author: GC
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