Microsoft shares gain a foothold near all-time highs
Microsoft shares rose in price again and consolidated near a new all-time high. After the close of trading on the exchange, the price also remained near the maximum and rolled back down. This is a good sign that indicates to traders that further rallies and new highs in price are possible. If you look at the chart, you will see that the shares of this company are in an upward trend. On almost all time frames, the price is above the 200 moving average. The MACD indicator is also above zero levels and does not show strong divergence. Breaking through the levels of historical highs is always a good opportunity for traders to make money. In most cases, the price receives an additional impulse if it overcomes the cloud of orders that are above the maximum and grows for some time. Therefore, we place our Take Profit at the flat price of 266.00 and plan to earn about 200 pips in this move.
Order Type: Market - Buy Stop
Entry Price at 263.80
Take Profit at 266.00
Pips Earning: 220
The result of a trade recommendation. The price reached the Take Profit level the next day, a few minutes after the opening of a new trading session on the stock exchange.
The profit can be $220.00 if the trading volume of 100 Shares.