$MSFT MONTHLY CHART 📈
It’s been 3 months since I longed this moat
I was up 15% at some point, but that got rejected quickly of off 50 WMA, (for weekly reference check the quoted post)
As of now, I’m in like 2-3% gain
This Elliot Wave Count suggests that once the price crosses $600, it might be a sensitive time to start trimming my $MSFT position into other value stocks that I’m eyeballing closely, where the reward by far outweighs the risk 🧐
However, Wave 5 can be a lot more explosive and could climb way over $600 and reach $700 PT like it’s nothing
Monthly RSI suggests the stock is in the oversold area—levels it hasn’t seen since 2008 crisis—this is not nothing, technically speaking of course. Back in 2022, by the end of the year, RSI got close to 40 and then the stock ran up over 2x 😮💨
On the other hand, there’s also a chance the top of Wave 3 is actually Wave 5 already in place. In that case, we are looking for a deeper ABC correction toward $300 per share
All in all, upside is very much probable here. And if it dips lower, I’m considering to bet on this play even more aggressively and start buying the 2x leveraged ETF $MSFU
If you know, you know 🤷♂️
$SPX $SPY $QQQ $IGV $GLD $SLV $BTC $ETH
- Do you believe in destiny?
- I quite do.
- Then whats the point in aspiring toward smth if it’s already written?!
- One day you give, another you let go. Rinse and repeat.
You are supposed to use your imagination to get excited about all the good things that you could be part of, not to worry about all the bad things that could happen to you.
30 Important rules of Investing:
1. The hard work is done before you buy.
2. Make less trades but better decisions
3. Be greedy for strong fundamentals
4. There is never a rush to buy a stock.
5. The market conveniently always gives you a second chance to enter.
6. A stock does not know your average, nor does it care.
7. Nobody is coming to save you from your risky buys, this is on you.
8. WAIT FOR CONFIRMATION OF SUPPORT.
9. Zoom out, take in the big picture.
10. Understanding charts is made easier with theory.
11. You can not always plan for catalysts, but you can limit your exposure to risk.
12. Always reassess.
13. Add to your winners, not your losers.
14. If you can not handle red days or weeks, you may be better off just buying a market ETF.
15. The market will never stop being irrational in the short term.
16. The market hunts for value constantly and always finds it.
17. Revenue reigns supreme.
18. The market will always return to its fair value.
19. 99% of opinions are just noise.
20. The market will eventually humble you.
21. Failures are lessons in the market.
22. Those that stick with it and learn from mistakes, eventually start winning.
23. Compounding profits is better than using leverage.
24. Leverage should not be used my amateurs.
25. Options should not be used by those who are not doing this 24/7.
26. Know the stocks you own and why you own them.
27. Good management saves companies.
28. ROE, ROA & ROI is the secret formula.
29. Moats and Margins matter.
30. Emotion needs to be controlled.
- TLI
If you are healthy, you have no actual problem, all your other worries are in your mind, just relax and be grateful that you have plenty of opportunities to improve your life.
“Physical activity is the most transformative thing that you can do not only for your body but for your brain as well.” -Wendy Suzuki PhD
Feel good, look good, be good. Then after go back to your trading desk like a rock star.
Kthxbye