We can see it has broke out of the bearish trend line after witnessing a nice support at 281 level. The sharp tail end of the candle on 24 Jan was to weed out the weak buyers so that big boys can start accumulating and push it higher again.
Nota
resistance at 300.11 broken, time to addNota
i believe at 250 price level, we have seen a triple bottom pattern formed and will be adding some tonightNota
another opportunity to add if it closes above the support level at 281.72 tonightNota
added some last nightNota
notice it has close the gap for 9th Nov 2022 last night ? it closed with a longer tail candle last night meaning buyers pushed up the price towards end of day closing......Nota
it falls further......hmmm, we could possibly see an inverse H&S pattern where the price goes south towards 219 level or 214Nota
channelnewsasia.com/business/microsoft-cut-10000-jobs-tech-layoff-intensify-3215211Another tech company cutting staff.......hmmm......looks like the US economy is getting weaker.....reflected in yesterday 600 points loss in DJIA
Nota
cnbc.com/2023/01/23/microsoft-announces-multibillion-dollar-investment-in-chatgpt-maker-openai.htmladded some last night
Nota
The ChatGPT4 seems to have given this stock a good rally. Wait for the pullback to 274 price level before buying more.Nota
we are at triple top formation once more , a resistance that was met previously on May and Aug 2022. So, let the price retrace to around 281 and pick up
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