CFD Trading – Buy Recommendation For Microsoft Corp (MSFT.NAS)

Microsoft Corporation Stock Code MSFT.NAS

Price broke above the cloud on 14 April 2020 and has been above the cloud since. Following the breakout at $171.60, price has risen to a high of $208.02, which is also a historical high for this stock.  Conversion and Base lines had a bullish crossover on 3 April and both lines have been rising with Conversion line supporting price declines most of the time. Price has largely been above the Base line as well, which is a sign of a bullish trend. Lagging Span is above price of 26 days ago and above the cloud as well, hinting of a strong bullish trend.. MACD is bullish and had a bullish crossover, hinting of a bullish trend ahead. Both of MACD lines are above the zero line as well. There was a breakout of an Ichimoku V-shaped price structure, which gives a target of $243.40. As MACD momentum is still strong, we think price can move towards this target.

$200.00                Buy
$243.00                Price Target
$190.00                Risk Management Stop
3 weeks Trade Duration

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