MSFT Entry, Volume, Target, Stop

When price clears: 318.35
With daily volume greater than 28.16M
Target: 367.50
Stop: Depending on your risk tolerance; 302.00 gets you 3/1 Risk/Reward.

This trade idea is not trade advice. This swing trade idea is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.

Сделка активна:

I went ahead and entered into a small position without getting the volume I was hoping for, just because it's MS - and because it broke over resistance from over a year ago. I will exit quickly if it starts to reverse.

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Off to the races.

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Added to my position today.

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Pullback on lower volume is setting up for the next leg higher.

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I'll take some off soon (assuming it keeps moving up)...maybe 1/4 to 1/3 of my position.

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Didn't sell any of my position before the pullback today, but will stop out if price drops and holds at or below my entry price.

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If you're not in, the next entry I'd consider would be when price clears 338.56 with volume greater than the 20 day average.

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Sold 1/3

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Sold 1/3

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I rarely hold thru earnings, but in this case I probably will, but only because I'm up overall on the trade - I've got some padding.

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I did hold my find 1/3 into earnings. Will see what happens tomorrow.

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Ugly dip after earnings, but in my opinion (which is often wrong), we're setting up for the next leg up - I'll hold my shares until price hits my original purchase price, or my target, whichever happens first. Either way, I made money on the trade.

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Got my stop set at my original entry, I fully expect to get take out tomorrow, but can't wait for the next leg up.

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Still in - I'd love to see this pullback end and finish this trade at my target.

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Pullback approaching 78%. I'm still my final 1/3, but am also in the green, if this market pullback goes another day or two I'll probably exit to ensure I don't end up with a loser.

Сделка закрыта вручную:

Closed the remainder of my position.