Mr. Softie
I bought Microsoft Friday. Take a look at the chart:

MSFT has finished retracing it's last upswing from June '06 to January '07 and is now beginning another uptrend pattern. Also note the two trend lines I've drawn on the chart are parallel lines. They don't look parallel because the chart is drawn on a log scale, but they are. Are the same uptrend forces at play again? I don't know, but the available tight stop below 28 makes this a good risk/reward trade.
Happy Trades

MSFT has finished retracing it's last upswing from June '06 to January '07 and is now beginning another uptrend pattern. Also note the two trend lines I've drawn on the chart are parallel lines. They don't look parallel because the chart is drawn on a log scale, but they are. Are the same uptrend forces at play again? I don't know, but the available tight stop below 28 makes this a good risk/reward trade.
Happy Trades

0 Comments:
Post a Comment
<< Home