MSFT short setup triggered by MACD bearish crossover; prefers selling on momentum flip over buying at highs.
Jump to any passage
Microsoft shares have broken through to the upside. If you look at the MACD, the MACD has crossed over the signal line even though the stock has not reached its highest levels ever.
Right now, Microsoft stock is still about 4% away from its all-time high, but this is my deal for this week.
I am monitoring the MACD indicator . If this blue line drops and actually closes on a daily basis below this orange line, I will start a sell position on Microsoft. Instead of trying to ride the upward momentum wave, I will look to sell when the MACD indicator turns bearish.
You can also keep riding the wave if you just want to buy, but it's hard for me to look at a chart like this and keep buying while it's this high.
You're talking about an upward movement since around June. Movement at 53%, guys. 53%.
Watchpoints
What this channel has said about $MSFT
Verified Investing has 3 calls on this stock; only the adjacent ones are shown.