Although I didn’t take it or post it as an official trade idea due to the fact MSFT was scheduled to report earnings after the close on Wed (too much of a gamble), the stock has now hit my next downside price target, the primary (purple) uptrend line, as per my preferred scenario (yellow arrows) from the perfect exit of the recent bounce long trade at the 200-day MA’s at Tuesday’s high. Previous (Tue) & updated daily chart with a reaction likely off this initial tag of the trendline & the next sell signal to come on a solid break below it.
MSFT daily Jan 27th
MSFT daily Jan 29th
For active traders, this likely bounce here on MSFT aligns with this bounce trade I posted about 20 minutes ago in the comment section below the previous post (covered /NQ short in the active trading account to game a bounce long, then back short before AAPL reports tonight).
