DaytradeTeam Brainzzzz
Trading Tips and Strategies from Traders at DaytradeTeam
Tuesday, November 15, 2005
Look for Sale Prices on MSFT and Go Bullish
Microsoft has finally taken the gloves off. A renewed energy has apparently swept through the company, and through Wall Street. A plan to destroy Google is in the works, they are entering the supercomputer market, and their XBOX 360 unit is likely to be one of the "must have" gifts for Christmas this year as it beats Sony's Playstation 3 to the shelves.
Even better, the stock is looking very strong, nearing three-year highs and continuing one of the more "stealth" uptrends I've ever seen. Take a look at the three-year chart of MSFT to see what I mean (click to enlarge):
Notice how MSFT has moved steadily (and yes, very very slowly) higher over the last few years, making higher lows throughout the period and putting some very impressive high-volume rallies together in the process. Currently, MSFT is running right up against its three-year high on a month-long rally (highlighted in yellow) that is both impressive and unsustainable at the same time.
A pullback in MSFT is almost certain here, and that is exactly what we want to see. My Stock Trading and Options Trading Systems will be watching very closely for low-volume pullbacks over the next month to enter bullish positions on.
After all, what could be better than a company with a renewed "start-up" spirit, a genius staff, an uptrending chart and 40 billion dollars in the bank?
By the way, if you haven't started a membership with DaytradeTeam, you really don't know what you're missing. Start a Trial Right Now!
Even better, the stock is looking very strong, nearing three-year highs and continuing one of the more "stealth" uptrends I've ever seen. Take a look at the three-year chart of MSFT to see what I mean (click to enlarge):
Notice how MSFT has moved steadily (and yes, very very slowly) higher over the last few years, making higher lows throughout the period and putting some very impressive high-volume rallies together in the process. Currently, MSFT is running right up against its three-year high on a month-long rally (highlighted in yellow) that is both impressive and unsustainable at the same time.
A pullback in MSFT is almost certain here, and that is exactly what we want to see. My Stock Trading and Options Trading Systems will be watching very closely for low-volume pullbacks over the next month to enter bullish positions on.
After all, what could be better than a company with a renewed "start-up" spirit, a genius staff, an uptrending chart and 40 billion dollars in the bank?
By the way, if you haven't started a membership with DaytradeTeam, you really don't know what you're missing. Start a Trial Right Now!
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