MSFT is one of the worst looking tech charts out there.There's a large H&S top that has formed and if it breaks below that blue trend line it's going to get ugly quickly.
I think it's possible we see a 20%+ decline over the coming months back to that $312-316 level.
1D, 2D, and 1W Heikin Ashi candles are all bearish. It would take a miracle for this stock to turn around.
Let's see if we get a H&S top confirmation.
Note
I took 12/20 $340PNote
Bought 4 400P for 1/17
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.