Waiting on a Dip Buy in Microsoft (MSFT)

Hey traders!

The Nasdaq is pulling back today, which, in my opinion, is a much-needed move. With the extended market, buying anything with an edge was nearly impossible. So, while pullback days aren’t as much fun as when the market is roaring (unless you’re short), I use them to identify opportunities.

In this case, I’m looking at lower time frame squeezes set up for longs when the dip stops dipping. I’m looking for tickers that hold critical moving averages on the daily chart (generally the 21 or 34 EMAs, but I like buys at the 50 SMA as well) and then trigger to the upside.

One of my favorite tickers to buy the dip in is Microsoft. We have a few signals that it may be time, but they aren’t all there quite yet. I’d love to buy the dip with the four-hour squeeze and then trade this ticker into $380-400.

Check out what I’m looking for in the video below:



Up Next...

‘Tis the Season: Stocks Splits

Nvidia Stock Split: A Recap Nvidia (NVDA) announced its stock split on May 22, 2024, and since then, it’s traded from a (split-adjusted price) of around $95 to a new, all-time high at $129.74 (as of this writing). It’s still going and is currently up another +2% four days after the split, making it significantly … Read more

Read More

Bullish Setup in NFLX

I’m eyeing NFLX for an entry to the long side before the next upcoming earnings report in July. Check out the video for my upside targets, setups, and various options trade ideas.   P.S. To join us in the Simpler Central trading room, click this link to learn more!      

Read More

Trading GameStop for a Pre-Earnings Short

Hey traders! GameStop has 25% short float, and Roaring Kitty has thrown massive fuel on the fire right before earnings. With GME trading higher on high volume, and breaking through levels of previous highs, that sets it up for a potential short squeeze pre-earnings. GME will typically trade higher before earnings, as buyers speculate and … Read more

Read More

Subscribe Today!

Want my up-to-date analysis, setups, top trading tips, and more? Be a Five Star trader, and join my free newsletter today!

Sign Up Now