MSFT (Microsoft Corp) offers an objective short entry on this post-earnings pop backtest of the 200-day SMA + 61.8% Fib retracement of the initial drop off the July 5, 2024 ATH down to the April 7th lows. Max. suggested stop (if targeting T3) on a daily close over 455. Daily chart below includes today’s after-hours trades in the most recent candlestick.
MSFT daily April 30th
META, which is also reporting after the close today, also offers an objective short entry as it has just spiked up in after-hours trading to also make an essentially perfect backtest of the 200-day SMA as well. Alternatively, one could short or continue to scale into a QQQ short as shorting MSFT & META (as well as the TSLA short posted on Friday) is basically shorting the Q’s.