This is a technical analysis of Microsoft Corp. (MSFT) on the 15-minute chart. The idea presented is based on the price action consolidating above a significant support level, suggesting a potential move to the upside.
Analysis:
The chart indicates that MSFT has been trading within a range, establishing a strong horizontal support level at approximately $507.14. The price has respected this level on multiple occasions, indicating strong buying interest and accumulation in this zone. This repeated defense of the support line suggests it is a critical level to watch.
The current trade setup anticipates a bounce from this consolidation area, betting on the continuation of the support's strength.
Trade Setup:
Entry: The proposed entry is around the current price level of $511.52, acting on the assumption that the support will hold.
Take Profit: The upside target is set at $547.98. This level represents a significant potential reward if the bullish momentum resumes.
Stop Loss: A stop loss is placed at $496.93, positioned below the key support zone. This is a crucial risk management measure to protect against a breakdown if the support level fails.
Risk/Reward:
This setup offers a favorable risk-to-reward ratio. By risking the distance between the entry and the stop loss for the potential gain up to the take-profit level, traders can aim for a reward that is substantially larger than the initial risk.
Disclaimer: This analysis is for educational and informational purposes only and should not be considered investment advice. All trading involves risk. Please conduct your own research and due diligence before making any trading decisions.
Analysis:
The chart indicates that MSFT has been trading within a range, establishing a strong horizontal support level at approximately $507.14. The price has respected this level on multiple occasions, indicating strong buying interest and accumulation in this zone. This repeated defense of the support line suggests it is a critical level to watch.
The current trade setup anticipates a bounce from this consolidation area, betting on the continuation of the support's strength.
Trade Setup:
Entry: The proposed entry is around the current price level of $511.52, acting on the assumption that the support will hold.
Take Profit: The upside target is set at $547.98. This level represents a significant potential reward if the bullish momentum resumes.
Stop Loss: A stop loss is placed at $496.93, positioned below the key support zone. This is a crucial risk management measure to protect against a breakdown if the support level fails.
Risk/Reward:
This setup offers a favorable risk-to-reward ratio. By risking the distance between the entry and the stop loss for the potential gain up to the take-profit level, traders can aim for a reward that is substantially larger than the initial risk.
Disclaimer: This analysis is for educational and informational purposes only and should not be considered investment advice. All trading involves risk. Please conduct your own research and due diligence before making any trading decisions.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.