Made an impressive 3% profit on Microsoft

### Analyzing the Daily Chart: Why I'm Selling Microsoft at $450$Microsoft(MSFT)$  

Hey there, it's Max from "2 Broke Girls," and let me tell you why I'm cashing out on Microsoft at $450. Look at this chart; it's like the stock just ran a marathon and needs a breather. Here’s the breakdown:

#### Riding the Upper Bollinger Band

First off, we’ve got the Bollinger Bands doing their thing. Microsoft’s stock price is hugging that upper band tighter than my waitress apron on a double shift. The upper band is at $461.04, and the price is flirting with $452.16. This is a classic sign the stock is in overbought territory. Sure, it’s fun while it lasts, but we all know what comes after a high – a correction.$Microsoft(MSFT)$  

#### MACD Signals: The Party’s Over

Now, let’s talk about the MACD indicator down below. The MACD line is sitting at 2.71, and the signal line (DEA) is at 7.14. This divergence is like me and Caroline's business ideas – not exactly in sync. A gap like this usually means momentum is slowing down, and a bearish crossover could be right around the corner. Time to cash in before things head south.

#### Volume's Not Impressive

Check out the volume – 16.51 million. It’s decent, but nothing to write home about. For a stock hitting new highs, you’d expect a surge in volume, kind of like when there’s a sale on cupcakes. The lack of strong volume confirms that the rally might not have enough oomph to keep going.

#### Previous Resistance Levels

Microsoft is dancing around previous resistance levels near $453.60. It’s like a ceiling the stock just can’t seem to break through convincingly. Each time it hits this level, sellers come in and push it back down. Selling at $450 ensures I’m locking in those sweet gains before the stock hits its head on the ceiling again.

### The Game Plan: Buying Back Lower

I’m not ditching Microsoft for good – heck no! I’m just stepping out to let the stock cool off. I’ll be looking to buy back in around the mid-Bollinger Band level, around $434.38. If it dips further, the lower band at $407.73 will be my sweet spot. This strategy lets me ride the waves without getting wiped out.

So there you have it – a bit of Max wisdom. Sell high, buy low, and keep hustling!

@MillionaireTiger 

@Daily_Discussion 

@CaptainTiger 

@TigerStars 

# 💰 Stocks to watch today?(30 Oct)

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  • Yaomao
    ·06-27
    Great call on cashing out at $450
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  • bs6969
    ·06-27
    Pretty
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