The One That Got Away, Or Has It? Microsoft
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Over the weekend I mentioned how on Valentine’s Day, I talked with Jon Erlichman of Bloomberg about what tradeable instrument I would date and which one I would marry.
He also asked me, to comment on which instrument I believed got away?
To refresh memories, I am dating COIN-up over 12% to start the week.
I married Silver, up nearly 3% on Monday.
But the one that got away?
Microsoft (MSFT) has been consolidating between $400-$420 since Valentine’s Day.
Does that mean I still have a chance?
The simple answer is yes.
Since the highs were put into place on February 9th at around $420, MSFT has traded narrowly.
Plus, it remains above the January 6-month calendar range high at around 395.
What we will watch for is when MSFT starts to outperform the benchmark and when momentum clears the February 14th or V-day level.
These tools should correspond to a breakout over the trading range and help us determine a good risk point.
We believe MSFT can head up to $485, especially as we are huge fans of Co-Pilot, MSFT’s latest AI software.
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Disclaimer: The information provided by us is for educational and informational purposes. This information is based on our trading experience and beliefs. The information on this website is not ...
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