longsonvn

MSFT March 15, 24: A Failed Breakout

Long
longsonvn Aggiornato   
BATS:MSFT   Microsoft Corp.
On March 12, 24, I wrote about MSFT as it crossed the trendline with higher than average volume, which provides a buying opportunity.

Later, on March 14, 24, the stock again broke out into the new all-time high, which provided an additional buy point.

You can see these 2 posts below in the related idea section.

However today MSFT , although still looking good, moved down the previous resistance with very big volume which showed that the breakout on March 14, 24 was failed.

I bought the stock on March 12. I also bought some on March 14. But as the breakout failed I sold what I have bought on March 14. I am ready to enter again if the stock move up to new all time high again.

What do you think about MSFT Please share your idea. Thank you
Trade attivo:
On March 21, I re-entered again as the stock reclaimed the previous resistance and one more time broke into new high.
Trade chiuso manualmente:
Closed the trade as the price closed down below MA-50

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