MSFT Breakout Opportunity | Target $250

I see a huge opportunity here, based on the earnings performance and MSFT reaching a new high of $242 during these times of volatility.


The confirmation I would suggest is the following.

• 1. Fib retracement of 61.8% based on the move from $211 to $243. (245)
  
• 2. 21 Ema coming up at $222 as support meeting $245.
  
• 3. Strong support levels at $245.
  
• 4. QQQ will test the 50MA at $309 - $312, which will trigger the breakout.
  
  

Risk and Reward for this trade. 1:3 | 1:4 | 1:8.5

- Entry : April 16 | 245 Calls |Price: 5.20 |

- Reward: $225 - $235 = 65 %. | $225 - 240 = 100%.| $225 - $250 = 200%. |
- Stop loss: $225 - $220 = - 23%.


The target level is based on the Fibonacci extension at 1.272.

I'm here to show what I think most likely will happen with reliable indicators such as support/ resistance and fib.