The market situation on the software giant, Microsoft (NASDAQ:MSFT) tends to discombobulate some trading neophytes. But how the price would eventuate in this year is explained here.
On the chart, 4 EMAs are used. They are EMAs 10, 20, 50 and 200 (the color that stands for each EMA is shown at the top left side of the chart). The EMAs 10, 20 and 50 show that the medium-term trend is bullish, especially since February 2013. Should this new bullish bias continue, the price would eventually cross the EMA 200 and close above it. Right now, the EMA 200 is acting as a great barrier – a big supply zone – against the bulls’ interest. So the cross of the price above it would show the total end of the recent long-term bearish outlook. Whether this is secretly done by the bulls or not, it would be detected. If you fart secretly, others will perceive the odor secretly.
Most speculators dabble into the stock market with a faint idea of getting rich, but they seem not to have the time to learn how the markets really work and how they can benefit from that.
This article is ended with the quote below:
“I expect trades to work over time. I know it may sound a little over confident, and I
genuinely don’t want it to come across that way, but honestly when you’re trading for a while, you expect your trades to work. I don’t know if the next trade is going to work or not but I expect over time that they will and that most of them are going to work for me. You need to have confidence in your trading ability.” - Mark Holstead (TRADERS’ February 2013; www.tradersonline-mag.com)
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
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