Many big Nasdaq stocks like Microsoft.Inc have been trading in a channel for a year. Around November 2017. MSFT broke the resistance of the channel and has been trading higher ever since. The resistance of the channel became a support and has been tested for 3 times already. This third time that MSFT hit the support, might be a good buying oppertunity. If MSFT fails to hold this support, then there is a long term support waiting around $ 82. The daily RSI is 33 which is rather on the oversold side. The MACD is still in the negative zone.
The image below shows a smaller time frame with possible entries and exits. There might be some profit taking around the $ 97 level.
Disclaimer: This is not financial advise.
I just want to give my humble opinion on some products by doing technical analysis. There may be some minor and/or major flaws. Nobody is perfect and I'm willing to learn from my mistakes through your opinions. Thank you.
Money making posts:
https://steemit.com/money/@bo3ia/how-to-make-money-in-stocks-and-cryptocurrencies
https://steemit.com/money/@bo3ia/make-money-with-the-s-and-p500-index
https://steemit.com/cryptocurrency/@bo3ia/risk-management-in-cryptocurrency-and-stocks
Image source: https://www.tradingview.com/
