MICROSOFT CORP
Short

MSFT - weekly view - have clear signals for buying calls or puts

1548
*** Please see notes on chart. This is an example similar to many other stocks. The monthly and weekly charts show more downside is possible, and stock has not yet touched 200sma on daily.
*** Compare today's closing price with the 2/27 close, and check RSI and stochastic for bullish divergence. Look for RSI to cross above 50 on 30m chart and trendlines to turn upward. Short term call (or long) opportunities may arise. Otherwise bias is for puts, so you are looking for entries on 15m and 30m charts (like RSI touching 50 and going lower, price turning lower at 20sma, stochastic below RSI).
*** Look for engulfing candles, hammer and inverted hammer, or 3 candle patterns that indicate a change or continuation in price trend.
*** Volatility spike has made options expensive, and IV change from one day to next will affect your profit/loss. Be firm about targets and stops, and if holding options overnight then use very little capital. Again, use multiple time frames to confirm a good trade setup.

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