I started buying Microsoft call options on today's weakness and I'll be adding tomorrow. Price action is getting really tight at the right spot - $214.
Here's what I'm seeing on the daily time frame:
We have a potential bullish continuation pattern on the daily if the support holds
Do you see the support?
With evidence of capital flowing slowly into FANNG names (NFLX & FB), as well as similar supportive price action in Amazon, I expect a power move in Microsoft in the coming days / weeks.
Notice how we had similar support on Netflix a few weeks ago, followed by a nice rally recently. I think we're about to see the same in MSFT:
A 4-5% move doesn't sound like a big deal to most retail traders, but it's all about risk/reward and how you structure your trade. If the r/r is high, then you could express bets with different forms of leverage that make small moves big % generators. Whenever I publish analysis on a large cap stock... I am using options to trade it.
Reminder:
I'll be starting a live trading room of some sort for free in the coming weeks or after the New Year depending on the level of interest. Still thinking about how to set it up. I will showcase my trade management which is the most important thing in trading. (Active day trades/swings trades/etc). DMs are open if interested in joining.
Here's what I'm seeing on the daily time frame:
We have a potential bullish continuation pattern on the daily if the support holds
Do you see the support?
With evidence of capital flowing slowly into FANNG names (NFLX & FB), as well as similar supportive price action in Amazon, I expect a power move in Microsoft in the coming days / weeks.
Notice how we had similar support on Netflix a few weeks ago, followed by a nice rally recently. I think we're about to see the same in MSFT:
A 4-5% move doesn't sound like a big deal to most retail traders, but it's all about risk/reward and how you structure your trade. If the r/r is high, then you could express bets with different forms of leverage that make small moves big % generators. Whenever I publish analysis on a large cap stock... I am using options to trade it.
Reminder:
I'll be starting a live trading room of some sort for free in the coming weeks or after the New Year depending on the level of interest. Still thinking about how to set it up. I will showcase my trade management which is the most important thing in trading. (Active day trades/swings trades/etc). DMs are open if interested in joining.
코멘트:
breaking out of level 1:
코멘트:
Now flagging at first target before its next leg:
거래청산: 스탑 닿음:
Raised the stop to 213. I'm out. Loss slightly > breakeven
액티브 트레이드:
back long @ 214
코멘트:
거래청산: 타겟 닿음:
@ target 1 / 223.30 fill
More room for upside but will likely need to consolidate a bit.
If you noticed I retried this trade after my stop triggered (around breakeven). Re-trying a trade that you've been stopped on is part of trading (not the case with investing)
More room for upside but will likely need to consolidate a bit.
If you noticed I retried this trade after my stop triggered (around breakeven). Re-trying a trade that you've been stopped on is part of trading (not the case with investing)