Hello everyone, welcome back to my channel.
Today we are going to talk about Microsoft stock, MSFT.
Right now, MSFT is trading around 520.96 dollars, and it is down by 2.28 percent today.
If we look at the chart, the price is trading below all three moving averages. MA 7 is at 521.03, MA 25 is at 520.84, and MA 99 is at 520.72. This shows that sellers are a little bit strong right now.
On the upside, the main resistance is 521.62 dollars. The price went there and got rejected. Until the price closes above 521.62 dollars, we cannot say buyers are back.
On the downside, the main support is 519.06 dollars. This is today's low. If the price breaks below 519.06 dollars, then we can see more downside.
So my plan is very simple. I will not buy in a hurry. I will wait. If the price goes above 521.62 dollars and stays there, then I will look for a buy. And if the price breaks 519.06 dollars, then I will wait for a lower level.
Remember, always manage your risk and never trade with money you cannot afford to lose.$MSFTB
#MSFTUSDT #Binance #cryptouniverseofficial
Today we are going to talk about Microsoft stock, MSFT.
Right now, MSFT is trading around 520.96 dollars, and it is down by 2.28 percent today.
If we look at the chart, the price is trading below all three moving averages. MA 7 is at 521.03, MA 25 is at 520.84, and MA 99 is at 520.72. This shows that sellers are a little bit strong right now.
On the upside, the main resistance is 521.62 dollars. The price went there and got rejected. Until the price closes above 521.62 dollars, we cannot say buyers are back.
On the downside, the main support is 519.06 dollars. This is today's low. If the price breaks below 519.06 dollars, then we can see more downside.
So my plan is very simple. I will not buy in a hurry. I will wait. If the price goes above 521.62 dollars and stays there, then I will look for a buy. And if the price breaks 519.06 dollars, then I will wait for a lower level.
Remember, always manage your risk and never trade with money you cannot afford to lose.$MSFTB
#MSFTUSDT #Binance #cryptouniverseofficial
