CFD Trading – Buy Microsoft Corp (MSFT.NAS) @$251.65. Stop @ $245.70 and Target @ $262.35

Microsoft Corporation Stock Code MSFT.NAS

After reaching a high of $262.39 on 27 April 2021, a price correction was seen. During the correction, price was supported by the cloud on 3 occasions, keeping the uptrend intact. In the previous trading session, a strong candlestick pattern was seen which could be a sign the correction may have ended. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment.  MACD is bullish and both its lines are moving higher, which is a sign of a bullish price trend ahead. If price is able to move above $251.65, it could be heading towards the resistance at $262.39.

$251.65              Buy
$262.35              Price Target
$245.70              Risk Management Stop
3 weeks              Trade Duration

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