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Microsoft Trading Analysis (03/08/2023)

03.08.2023

Market Review

#MSFT
 



The trend is ascending. The stock is traded in the range between 365 and 135 ЕМА. The downward inner wave structure is truncated. There is bullish divergence on the Awesome Oscillator.
 

Microsoft stock price chart as of 03/08/2023 with technical indicators

Trading idea:

Buy at the formation of the ascending wave structure, where the A wave breaches the sloping channel of the downwards structure.

Stop-Loss: 326.25.

Target price levels: 342.57, 365.00.


#microsoft #stock #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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