MIcrosoft nears major technical support

Mungerism
2022-05-12

The last few days has been nothing short of carnage. Fear is at its peak and even quality companies with strong market position and earnings are not spared. It is hard to pick a bottom, but after multiple sessions of indiscriminate selling, there will be a rebound. As market is highly volatile, it's best to pick a high quality company with clear growth imperative , strong pricing power and strong balance sheet. Usually such companies trade at a premium but thiscarnage has provided an opportunity to invest in Microsoft, especially from a technical perspective, it is near strong technical support. Does it mean it cannot go below? Of course nothing is certain in these unpredictable times, but the risk-reward is now very attractive. What if we are wrong? We are holding a quality company with strong balance sheet ( that can weather the storm) and are still riding on strong growth drivers. So eventually prices will match its fundamentals. Whilst there are no certainties in this world, Microsoft has reached levels that I am happy to start accumulating 

πŸ’° Stocks to watch today?(23Β Dec)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? 🎁 Make a post here, everyone stands a chance to win Tiger coins!
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Comments

  • Salanne
    2022-05-12
    Salanne
    Gvvvvvb jkm hff
  • DavidSG
    2022-05-13
    DavidSG
    Market still volatile, can wait for reversal signal before accumulating
  • Jaden1995
    2022-05-12
    Jaden1995
    feels like its going to get broken
    • Evey77:Β 
      Just wondering, to nibble a bit now or sell a put at lower strike price?
  • HilaryWilde
    2022-05-12
    HilaryWilde
    The recent trend of the market is really disappointing.
  • hphoa
    2022-05-12
    hphoa
    strong become weak.. πŸ‘ŽπŸ‘Ž
  • adeley
    2022-05-12
    adeley
    downtrend too9?><
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