This is based off my opinion, and the fact that I don't bet against Bill Gates. I don't care for him either, just a trade idea. Not financial advice, stock is very high.
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Technicals showing bearish divergence on the weekly time frame with double top formation. Also getting weekly below 20MA will be bearish. I expect if market continues to dip, it might test the 0.618 fibonacci level at 271.46. Currently I'm bearish on Microsoft.
Look at this chart.
Hellos guys. Good evening. It is at its support zone as of now it is trying for long term buying. Go with flow at your own risk.
Thank you❤
As everyone can see, here was a good buying apportunity we have. Buy on dip is still available. Yes, at support zone, look for bullish candle to form. Then enter with a small stoploss at your own risk.
Microsoft continues to look strong in this weak market. Keep a stop loss at $240 for targets of $340 in the coming months. Microsoft's stake buying in OpenAI has certainly helped the company in getting ahead in the AI race.
With their recent stake buying in Open AI which houses the famous Chat GPT, Microsoft is looking more future ready than ever. It is currently trading around its 200 Weekly EMA and that has acted as a brilliant support for it. Keep a stop loss at $220 for safety and buy this share for the long term.
