Would this continue? Bear now but bull?
Here, MSFT on logarithmic scale is touching the trend line from 2013 - 2015, and RSI is near over-sold range, so it looks to me this is a chance to buy. On the other hand, when I check the price ratios (P/E for example - sorry not on the chart), they are still elevated from these years. On Ichimoku, the price has gone clearly under the cloud first time since the trend was established 10 years ago. Macro does not seem strong at this moment.
Would this 10 years upward tread be held for another year? Or perhaps reset?
This is my first time to publish my thoughts here. I am not a wealth adviser or anything but just another surviving investor (than swing trader) since 2020 April. Goal is to mature the investment in 5 -10 years toward retirement. I still believe in "buy the bottom" attitude.
Would this 10 years upward tread be held for another year? Or perhaps reset?
This is my first time to publish my thoughts here. I am not a wealth adviser or anything but just another surviving investor (than swing trader) since 2020 April. Goal is to mature the investment in 5 -10 years toward retirement. I still believe in "buy the bottom" attitude.
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