The child of Bill Gates has no limits and has been a rocket lately, leaving the pre-covid all time high far behind.
At a closer look, the stock is moving in an upward diagonal channel, and has formed a bullish flag/triangle.
It seems like the Microsoft train is still full of steam, and therefore, our target trade is a long.
TRADING PLAN:
1- one might be going long inside the trading session in the hope of the speedy breakout(not overnight, as the stock might gap down and wipe out your entire deposit as the stop loss orders won't work till the opening of the trading session)
2-one might wait for the confirmed breakout, and then go long after pullback(safe option)
The 0,5 usd 3 seession gamble actually looks pretty good. 7 session 2.64 seems like a reliable option, if you believe in the breakout, but the risk reward is lower. One might wanna wait if the price drops a bit, within the triangle and then buy the calls, but you risk missing the breakout.
Thats about it, on Microsoft for today, thank you for reading, like and subscribe and have a nice day!
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