DizkoverMicrosoft could bounce off the hourly 200ma to target $40 | #MSFT
Updated December 9, 2013 ● 794 views
Fresh Stocks News, Tips, and Ideas!
The Stocks Channel goal is to help fellow stock traders on making a profit! This channel features stocks news, stocks trading ideas, and stocks tips from fellow Dizkover members. We are mostly traders by profession.
Dizkover Members Get The Tips First!
A lot of our members are also active at Stocktwits and Yahoo finance boards. But often, Dizkover members get the tips fist. So checkout out the Stocks Channel often for fresh stock trading tips!
Join Stocks Channel!
Stocks Channel is open for everyone. Whether you are a findamental or technical trader, you are welcome to share your own trading ideas and tips.
Common Hashtags:
- #StockIdeas - stock trading ideas supported by technical analysis or fundamentals
- #StockNews - stock market news
- #TradingStrategy - stock trading strategy and tips
- #long and #short - suggestion to go long or short
Terms Of Use:
Trade at your own risk! We are not responsible in the event of trading loss. Always use your own research and analysis before you trade. Any tips and recommendations you find at thie website can be wrong.
Microsoft (MSFT) has been hit this morning down 4%. Looking at the hourly chart above, there were 3 past occasions where it bounced off the hourly 200ma and made new highs.
Looking at the Fibonacci chart, I see 161.8% is the real target here. That is the price target of $40.
Getting some weekly calls would be profitable if MSFT bounced off the hourly 200ma which is close to $37.
Now, my style of trading is usually based on technical breakout. I'm making this trade based on the previous chart price action.
ACTION 12/05:
MSFT is trading at $37.4. I bought some cheap DEC13 39.5 calls priced at 0.10 cents. Price target is $40 by next week which could make 300-500% profit.
UPDATE 12/05 close:
CALL is now worth 0.16 cents... or up 60%!
UPDATE 12/06:
MSFT trading at $38.5, 110% up in one day trade! Trimmed position, left profit to ride next week.
MSFT closed at $38.36.
Nice! Just like how you predicted. So far, MSFT has jumped from $37.18 to $37.91!
JoeBiggs · 10 years agopermalink · reply (0)
Made the call at $37.4 yesterday,,,, it's above $38.4 now!
David · 10 years agopermalink · reply (0)
$38.18 is the resistance that needs to break to reach $40 target.
David · 10 years agopermalink · reply (0)
I missed the bottom... :(
money101 · 10 years agopermalink · reply (0)