Looking at its TA, MSFT clearly completed a 5 wave uptrend from May of 2023 all the way to July of 2024.
Originally, I was hoping MSFT would complete its correction move by 8/5, just like rest of Tech such as QQQ, NVDA, SP500 and start a new uptrend. However, the way its chart is developing starts to present a possiblity for MSFT to go a lot lower to complete a major ABC move.
This makes the earning this week very important, MSFT need to a: beat the earning estimate and b: provide a higher guidance. If MSFT is not able to do this, stock will turn south from here. That means we could see a small 5 wave (as shown in green 12345 on the chart) to complete the C wave.
Of course, if MSFT is able to beat estimate and guide higher, stock moves higher and this will invalidate the C wave. That will tell us 8/5 is indeed the completion of correction phase, and we should expect MSFT to go back to ATH.
Earning this week is very impotant for MSFT as its stock has highest premium built in
405/385 for 1.85, worst scenario I can convert to long holding
Looking at its TA, MSFT clearly completed a 5 wave uptrend from May of 2023 all the way to July of 2024.
Originally, I was hoping MSFT would complete its correction move by 8/5, just like rest of Tech such as QQQ, NVDA, SP500 and start a new uptrend. However, the way its chart is developing starts to present a possiblity for MSFT to go a lot lower to complete a major ABC move.
This makes the earning this week very important, MSFT need to a: beat the earning estimate and b: provide a higher guidance. If MSFT is not able to do this, stock will turn south from here. That means we could see a small 5 wave (as shown in green 12345 on the chart) to complete the C wave.
Of course, if MSFT is able to beat estimate and guide higher, stock moves higher and this will invalidate the C wave. That will tell us 8/5 is indeed the completion of correction phase, and we should expect MSFT to go back to ATH.
So, earning this week very critical.
今年已经要交不少税了。Pray他不会爆雷。