MSFT - Bounce to 430 and Head and Shoulder?

Asphen
08-03


- At Fib 78.6, MA200 line now

- A bounce will bring it to between 424 and 430 (424 was the post earnings high) 

- A right shoulder might be formed then

- A head and shoulder playing out would mean a target of between 341 and 366


I am a nibbler from 405 downwards

MSFT Daily Chart - 3 Aug 2024

@macroB  @Deposit  @CaptainTiger  @TigerStars  @Melson  

$Microsoft(MSFT)$  

Microsoft Increased Dividend: Is the Greatest Pick?
Microsoft is increasing its quarterly dividend by 10% and plans to repurchase up to $60 billion in stock. Microsoft announced an increase in its quarterly dividend and a new stock repurchase plan. The company has approved a new $60 billion stock repurchase program and announced a quarterly dividend of $0.83 per share. -------- Have you held Microsoft in your portfolio? What's your target price?
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Comments

  • pixiezz
    08-04
    pixiezz

    Always long term MSFT but these economists' failures to interpret the data is exasperating nevertheless.

  • Happiness.
    08-04
    Happiness.
    Hopefully target is only 341. Not 366. 😣it would be too hard and long to come back up
  • dragonfyre
    08-05
    dragonfyre
    glad i got out at their 52 week high   [Sly]
    • Asphen: 
      wise and sharp! good on ya
  • Happiness.
    08-04
    Happiness.

    $Microsoft(MSFT)$ What to come !? 😌

  • Happiness.
    08-04
    Happiness.
    Could happen like last year.
  • andriati
    08-05
    andriati
    Great article, would you like to share it?
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