Short-term upswing play in MSFT

Dec 25, 2021

Hey everyone, wanted to post one of my current MSFT plays that I opened last week and has been doing quite well if it can help you. Currently I’m long MSFT and was predicting the start of a new swing. Weekly seems to be bouncing off the support line, RSI coming down from overbought range + 14 EMA still significantly above 21 EMA signals that the uptrend is also still going. Daily chart shows 14 EMA just starting to go over 21 EMA for new swing, RSI going above 50 again. Chart also shows my personal prediction of a 350 potential target price (FULL DISCLOSURE I’M ALREADY GETTING OUT AT 340 NOT 350 !), I got in at 330. Hourly chart also showing a nice entry point since 14 EMA above 21, hourly RSI getting into overbought though. Hopefully this can help some of you as well. If you have some questions or you don't agree with this idea feel free to let me know. Happy holidays everyone! DISCLOSURE: this is just my personal opinion and not solid investment advice of course!