MSFT (Microsoft Corp) has hit my second (T2) and preferred price target (the 200-day moving averages) for a quick 7% profit on the bounce trade triggered on Friday’s bullish falling wedge breakout. With MSFT reporting earnings after the close on Wed (edit), consider booking profit here (my preference) or raising stops if holding out for T3 (but still best to close out before the end of trading on Thursday, due to the potential for a large gap down). Previous & updated charts (original setup was first shared pre-breakout in Friday’s video).
MSFT daily Jan 23rd
MSFT daily 2 Jan 23rd
MSFT daily Jan 27th
Based on the fact that the R/R to continue to hold out for T3 before the close on Thursday is not very favorable (just over another 2% more upside… i.e., we’ve already sheared most of the meat off the bone), this trade will be considered closed out & moved to the Completed Trade archives at this time.