$Microsoft(MSFT)$ is a tech company and is badly affected by rapid interest rate hikes. but it is oversold in my opinion if you look at the pnf chart. it may rebound in an early santa rally to cover the gaps (yellow lines). that would be a 8% rally. it has recently bounced off its 2020 support. you can observe the short volume averages are on a decreasing trend. bear in mind any rally would only be a bear market rally unless fed starts to pause or cut rate hikes.
my portfolio in october cut losses and made some profitable trades that compensate for the paper losses.
we are in the midst of a santa rally, $S&P 500(.SPX)$ is below its green trendline and has bounced off its support. djia has already rebounded all the way up to its downward trendline. republicans are likely to retake both the house and senate as democrats have run down the country with bad polices. republicans are pro-market. hopefully the china market will spark a global broad market rally.
remember to apply automatic investment system, take profit at 10% intervals or at resistance levels if you know technical analysis.
bon courage
merci beaucoup @TigerStars[Heart]
Modified in.2022-11-06
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments