Trading Ideas for Microsoft Corp. (NASD) 25.03.2020

MSFT

The Fed is ready for unlimited QE. To support the US economy, the Federal Reserve intends to buy bonds in unlimited amounts in order to keep interest rates low.

Support level 135.00 holds back sellers. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness. The resistance level of 150.00 holds back the bulls.

Trading recommendations:

Buy above 150.00.

Stop loss: 135.00.

Target levels: 157.33 (close ½ of the order and move to breakeven); 167.64.

The MSFT rate: monitor the movement of the shares in real time.