MSFT Microsoft

Here is the BUY on MSFT – some amazing harmony, form, proportion and balance.  Just take one second and look at that chart … no idea what is going on w/ their fundamentals and, it was quite the “crazy” time for it to find support during the 2009 thump.  But … a PATTERN is  a PATTERN is a PATTERN. so, here’s the BUY on MSFT issued in March 2009.

BUY on MSFT in March 2009
BUY on MSFT in March 2009

so, where are we now?

we are approaching the .618 from the all time high on decreasing volume and an overall market that “should” be correcting.  Time to take some off and get ready for the next wave …in my humble opinion.  (note – 50-52 is still a target.)

MSFT approaching resistance zones - watch closely or take some off the table
MSFT approaching resistance zones – watch closely or take some off the table

 

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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