Microsoft - A very profitable repetition!

💰Microsoft (
MSFT
) just repeats the cycle:
snapshot

🔎Analysis summary:
At this exact moment, Microsoft is once again retesting the upper channel resistance trendline. Following all previous cycles, there is a 100% chance that we will see a short term retracement. Since the trend remains bullish, the all time high break and retest will follow.

📝Levels to watch:
$450, $700

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
7 days ago
Trade active
💰Microsoft (
MSFT
) plays out nicely:
snapshot

🔎Analysis summary:
With the recent stock market weakness, Microsoft is also starting a shorter term correction. Since the overall trend remains bullish though, it is quite likely that a correction will be followed by new all time highs. The channel remains valid.

📝Levels to watch:
$450, $700

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
14 hours ago
Trade closed: target reached
💰Microsoft (
MSFT
) initiates the correction:
snapshot

🔎Analysis summary:
Being down approximately -10% from the previous all time highs, Microsoft now starts the correction. Together with the overall bullish rising channel, this will offer a substantial buying opportunity. Just don't get caught up in these short term moves.

📝Levels to watch:
$450, $700

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION