Thread by @malteseinvest

Analysis: #NASDAQ $MSFT

Case 499 #Microsoft Corporation - REVISITED

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#MSFT 1/5

Chart 1
Weekly Chart: Although the Oct. 2019 analysis proved correct, we eventually took no position. Price has stalled beneath a series of resistances and is currently trading below synthetic #resistance sloping at 212.10 with a close above targeting .....

MSFT 2/5

..... control/#pivot at 221.17. Farther up balance at 235.89, then another synthetic at 242.68 and the main objective 247.54 where we expect profit taking and selling interest.

MSfT 3/5

Chart 2
Daily Chart: #Momentum is negative and rising slowly. The #SMA 50 is riding the synthetic and the SMA 20 (unreliable) is offering #support. Below there, control at 197.57 with pivot at 195.15 and farther down buying interest between 187.84- 185.01 .....

MSFT 4/5

..... (SMA 200 185.60). Major support is seen between 172.70- 167.68.

The #Strategy is printed on the image.

$MSFT 5/5