Stock Market A To Z: 26 Names, Themes And Trends To Watch - page 10

Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2022.10.26 12:43

Microsoft (MSFT): strong daily breakout with possible bullish reversal (based on the article)

Microsoft (MSFT) stock price chart by Metatrader 5

  • "Our forecast indicates that Microsoft’s valuation is $337 per share, which is 39% above the current market price of around $242."
  • The Chinkou Span line of Ichimoku indicator broke the historical price for the strong breakout with the possible bullish reversal with 267 resistance level as a target to re-enter.

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The charts were made on daily timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase: