RiderTrader

Microsoft . A good buy. Still

Long
RiderTrader Mis à jour   
NASDAQ:MSFT   MICROSOFT CORP
I had drawn a channel after horizontal breakout.
The stock is trading with in channel.
Now took a support also at 20 day EMA

First buy 203-204 is good buy.

If the stock falls during earnings i expect 50 day around 195 to 197 give a good support.

Since earnings is near i will enter 50% now and 50% for a pull back.
If blowout earnings i will revisit a buy at higher level.
But channel has to break upside first.

Commentaire:
I bought at 204. Sold some at 210.Earnings coming. So not having full position.Stock in Middle of channel. Waiting for channel breakout for any decent upside.

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