Trading Microsoft to a New High (Again)

Hey traders!

We got a quick pullback this week, but the market is already back on fire to the upside. I think the Nasdaq futures are headed into 19,000 as tech rallies going into earnings season. We are in prime time for the run going into earnings, and after the pullback to the 50 SMA on the daily chart, dip buyers are coming in droves.

So, which setups do I like here? Well, Microsoft (MSFT) is of course always on the top of my list when the market pulls back. In this case, MSFT has lower time frame squeezes, and it’s within a stone’s throw of a new, all-time high right before earnings. This is typically one of my favorite setups!

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