MSFT March 15, 24: A Failed Breakout
On March 12, 24, I wrote about
MSFT
as it crossed the trendline with higher than average volume, which provides a buying opportunity.
Later, on March 14, 24, the stock again broke out into the new all-time high, which provided an additional buy point.
You can see these 2 posts below in the related idea section.
However today
MSFT
, although still looking good, moved down the previous resistance with very big volume which showed that the breakout on March 14, 24 was failed.
I bought the stock on March 12. I also bought some on March 14. But as the breakout failed I sold what I have bought on March 14. I am ready to enter again if the stock move up to new all time high again.
What do you think about
MSFT
Please share your idea. Thank you
MSFT
as it crossed the trendline with higher than average volume, which provides a buying opportunity. Later, on March 14, 24, the stock again broke out into the new all-time high, which provided an additional buy point.
You can see these 2 posts below in the related idea section.
However today
MSFT
, although still looking good, moved down the previous resistance with very big volume which showed that the breakout on March 14, 24 was failed. I bought the stock on March 12. I also bought some on March 14. But as the breakout failed I sold what I have bought on March 14. I am ready to enter again if the stock move up to new all time high again.
What do you think about
MSFT
Please share your idea. Thank you
تم فتح الصفقة:
On March 21, I re-entered again as the stock reclaimed the previous resistance and one more time broke into new high.
تم إغلاق الصفقة يدويًا:
Closed the trade as the price closed down below MA-50
