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MSFT: 6-month possible view

This is a quick chart reading for MSFT that shows a possible scenario for calendar Q1 2022 using the weekly chart

- The key assumption here is that MSFT will continue to maintain the same ascending channel that's in place for the last 3-4 years (excluding the COVID effect between Feb-April 2020)

- there are 3 price levels to note: $330, $345 and $375 -- Target zone is marked in blue -- breakout to watch for is going above $305-310
- we're just out of the buy zone. some traders will argue that it's still OK to buy at the current levels
- timing can be different and we also have dependency on the broader market, which acts more like "prevailing winds" - we have seen a lot of volatility recently and that is expected to keep impacting the individual stocks.

the only issue i have against this scenario is that the momentum is way too high (per the xMACD) - and it makes us wonder if it's sustainable, or will there be a correction first then a continuation.

if we play this scenario, we need to be very careful about the associated risks.

remember no one can predict the future.. and this is not a trade recommendation. Your view may be completely different and that's totally fine.
Chart PatternschartreadingMicrosoft (MSFT)redkTrend Analysis

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