To The Moon

Microsoft Up 20% Since July - Is It Time To Buy?

This tech stock giant has a performance history to be proud of.

Since 2016, the price has moved 475%, handsomely rewarding investors. It has also been a pleasant journey for investors, barring the decline caused by the Covid-19 pandemic in 2020, with the price generally trading inside a bullish channel.

Without question, all companies aspire to have a similar history of performance.

However, Microsoft Corp. (NASDAQ:MSFT) was also not exempt from this year's declines, with the stock price dropping by over 30%. Compare that to PayPal Holdings Inc. (NASDAQ:PYPL), which fell by almost 80%, and you can see why this stock is always a consideration for investors.

The question is: If you do not have a position on Microsoft, when is the correct time to buy?

This depends on if you choose to be aggressive or conservative. Either way, you still want to wait for a high-probability entry point. This is where patience comes in.

The Daily Timeframe

For Aggressive Investors/Traders

Ideally, you want to wait for the stock's price to confirm a bull trend above the daily 200 simple moving average. The advantage to this approach is that you get in early and make more profit as the stock price pushes further up.

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