Tuesday, February 17, 2015

Annual Trading Forecast on Microsoft (2015)

Microsoft shares (NASDAQ: MSFT) gapped downwards in January this year and since then, they have been making a slow attempt to recover. The outlook this month has been bullish so far.

In the chart, the price has been challenging the upper Trendline and a break above it could make the price trend further north until the last down-gap is filled. A movement above the supply zone at 48.00 would result in a strong bullish outlook in the market. When the RSI moves above the level 50, which is a high probability thing, it would be completely rational to seek long trades only.

With further buying pressure in the market, the supply zone at 50.00 may be attained this year. After all, that supply zone was tested in the year 2014.

This forecast is ended by the quote below:

“Each trader had different strategies, which was incredibly exciting. While
some made 300 trades a day, there were also traders who only executed one trade a week. And every one of them knew exactly what he was doing. That was exactly what I wanted to do!” – Jens Rabe

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

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