Its time for MSFT earnings and with the combination of inflation, global economies, ongoing wars, food shortages, recession fears, supply chain issues, new Covid mutants, and regular old P/E predictabilities, it seems like a crazy and unpredictable market, HOWEVER, its fun to play and pretend like I can guess price movement, so I decided to publish my first Idea about MSFT. Any comments or advice is welcome in good taste.
Lets pretend for a moment that we did hit some sort of bottom recently............
No Crystal Ball Here!
MSFT seems like they are distanced enough from the social media AD pressure + have enough diversity with Azure to dodge the computer sales impacts, BUT I think that the next big price movements will rely on good earnings with positive forecast (obviously). The 10:1 volume for buying last weekwas especially reassuring and I think MSFT will remain in an uptrend for the next couple of weeks. We are right at the 200 day moving average. There is good resistance at $250 and $255 and I think that MSFT will try hard to stay above $250 no matter what. Part of BIG TECH, found in VALUE Etfs, doesn't rely on advertising, and also has a near 1% DIVIDEND. I love MSFT these are my personal ideas.
These are just ideas and not professional advice or anything related to advice.
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