MSFT: boring in a good way - breaking out?
I like MSFT and it's been a while since i posted a chart reading / projection - there was no major price actions
- and i agree MSFT is becoming "boring" - especially when compared to the TSLAs and NIOs of the market - and i mean that in the good way - it's boring = a good opportunity for the investor to buy and hold, and make slow (but sure) growth while having little risk on the position. MSFT is in the top 2 stocks in my portfolio for that reason.
What the charts say:
i believe the price move this week has potential to break out - and my reasons are
1 - the momentum is accumulating (see the upward white arrow on the UTO) - while the price is confined in a range. that's a sign of consolidation and the price is getting ready to make a move upward
2 - we have seen the same pattern before. MSFT did almost the same back in 2018 - see how similar these 2 areas marked in the red blocks are in the monthly chart - price moves up in a well-defined channel, then spends time in a range while it consolidates and moves into strong hands, then news and earnings comes to propel a new move with relatively stronger volume
3 - when you zoom out the price chart (monthly view) - MSFT follows a well-defined channel - the center line of that channel plays an important roles and we're now below that line for an extended time
Is there a Price Projection from the chart?
- our next projection - if we can break out the $226 line - is to get into the $250-$260 range
- the upcoming earnings (for MSFT's fiscal half results) next week may be the catalyst we're waiting for.
the market should receive good news about the strong gaming console sales for the holiday season, as well as continuing business growth on the cloud and productivity - and it's possible we get a positive reaction this time (compared to the 3 prior earnings).
(i am long MSFT)
good luck.
- and i agree MSFT is becoming "boring" - especially when compared to the TSLAs and NIOs of the market - and i mean that in the good way - it's boring = a good opportunity for the investor to buy and hold, and make slow (but sure) growth while having little risk on the position. MSFT is in the top 2 stocks in my portfolio for that reason.
What the charts say:
i believe the price move this week has potential to break out - and my reasons are
1 - the momentum is accumulating (see the upward white arrow on the UTO) - while the price is confined in a range. that's a sign of consolidation and the price is getting ready to make a move upward
2 - we have seen the same pattern before. MSFT did almost the same back in 2018 - see how similar these 2 areas marked in the red blocks are in the monthly chart - price moves up in a well-defined channel, then spends time in a range while it consolidates and moves into strong hands, then news and earnings comes to propel a new move with relatively stronger volume
3 - when you zoom out the price chart (monthly view) - MSFT follows a well-defined channel - the center line of that channel plays an important roles and we're now below that line for an extended time
Is there a Price Projection from the chart?
- our next projection - if we can break out the $226 line - is to get into the $250-$260 range
- the upcoming earnings (for MSFT's fiscal half results) next week may be the catalyst we're waiting for.
the market should receive good news about the strong gaming console sales for the holiday season, as well as continuing business growth on the cloud and productivity - and it's possible we get a positive reaction this time (compared to the 3 prior earnings).
(i am long MSFT)
good luck.
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