MSFT short near term
Microsoft looking bearish in near term.
Looking for price drop from current levels to $224 or $217 in near term.
Near Term Bearish indicators,
1. The 40 EMA line is at $222, which indicates Microsoft is set for correction.
2. RSI making a bearish crossover from overbought levels.
3. Prevailing market conditions/sentiments.
4. No upcoming new/events.
5. MACD isn't shown her, but even that shows a bearish crossover
In long term, $215-$220 looks like a strong buy zone for Microsoft. Ascending support, EMA line both lie in that zone.
My strategy.
Buying put options expiring in June if it hits $235-$240 in next week. Will hold them till $225.
What do you guys think ?
Looking for price drop from current levels to $224 or $217 in near term.
Near Term Bearish indicators,
1. The 40 EMA line is at $222, which indicates Microsoft is set for correction.
2. RSI making a bearish crossover from overbought levels.
3. Prevailing market conditions/sentiments.
4. No upcoming new/events.
5. MACD isn't shown her, but even that shows a bearish crossover
In long term, $215-$220 looks like a strong buy zone for Microsoft. Ascending support, EMA line both lie in that zone.
My strategy.
Buying put options expiring in June if it hits $235-$240 in next week. Will hold them till $225.
What do you guys think ?
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.