09.08.2023
The trend is ascending. The stock is traded in the range between 365 and 135 EMA. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Buy at the formation of the upward wave structure, where the A wave breaches the sloping channel of the downward truncated structure.
Stop-Loss: 322.79.
Target price levels: 342.57, 365.00.
#microsoft #stock #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
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