We can see it has broke out of the bearish trend line after witnessing a nice support at 281 level. The sharp tail end of the candle on 24 Jan was to weed out the weak buyers so that big boys can start accumulating and push it higher again.
Note
resistance at 300.11 broken, time to addNote
i believe at 250 price level, we have seen a triple bottom pattern formed and will be adding some tonightNote
another opportunity to add if it closes above the support level at 281.72 tonightNote
added some last nightNote
notice it has close the gap for 9th Nov 2022 last night ? it closed with a longer tail candle last night meaning buyers pushed up the price towards end of day closing......Note
it falls further......hmmm, we could possibly see an inverse H&S pattern where the price goes south towards 219 level or 214Note
channelnewsasia.com/business/microsoft-cut-10000-jobs-tech-layoff-intensify-3215211Another tech company cutting staff.......hmmm......looks like the US economy is getting weaker.....reflected in yesterday 600 points loss in DJIA
Note
cnbc.com/2023/01/23/microsoft-announces-multibillion-dollar-investment-in-chatgpt-maker-openai.htmladded some last night
Note
The ChatGPT4 seems to have given this stock a good rally. Wait for the pullback to 274 price level before buying more.Note
we are at triple top formation once more , a resistance that was met previously on May and Aug 2022. So, let the price retrace to around 281 and pick up
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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.