$MSFT - Upwards & Onwards. #MAG7: 2024 OUTLOOK

٢٨ ديسمبر ٢٠٢٣

MSFT: Upwards and Onwards. #MAG7

Longer-term time frame perspective. As you can see from the technicals, we have a cup-and-handle ☕, which indicates bullish momentum may continue into next year!

Support: $350
Resistance: $380

With a break above the resistance zone close, I expect the next green zone targets to be hit over time. This case would not be valid if we went below support.

The MAG7 performance this year has been outstanding due to the AI boom. That is set to continue into next year, but remember, Microsoft isn't the only one with a ChatGPT investment... There are many competitions, such as with GOOG and Gemini.

Something to keep in mind is the legal aspect of AI and how that will affect companies going forward. It's a wonderful development, but the legal aspect is equally important

Key Tip: “The goal of a successful trader is to make the best trades. Money is secondary." 🧠

The majority of those who want to embark on trading as a side investment or even as a career lack the mindset and want to get rich quick. By investing or trading in that manner, you will lose your capital.

Have an amazing year ahead,

🍾 Trade Journal | Empowering Your Trading Journey 🍾

٢٦ يناير

أغلقت الصفقة: تم الوصول للهدف

1st target reached - Boom and just like that we've touched the areas of $400+

٣٠ يناير

تم فتح الصفقة

Heading towards the 2nd target zone!

١ فبراير

ملاحظة

Dovish FOMC makes sense for MAG7s to have a pull back technically as well.

١٤ مارس

ملاحظة

MSFT Strong US Data! MAGS are steady and MSFT Breaks further to upside!

١٤ مارس

أغلقت الصفقة: تم الوصول للهدف

2nd Target hit comfortably

١٤ مارس

ملاحظة

Next area of interest $440-500 areas!

٢٧ مايو

ملاحظة

3rd base hit. It's what I like to call 'Home Run' Trade