Annual Trading Forecast on Microsoft (2014)

PUBLISHED: 18 Feb 2014 @ 21:57 | Comments (0) | More info about Azeez Mustapha

Microsoft stock (NASDAQ:MSFT) has been making attempts to recover the loss it sustained this year.

Given the Bullish Confirmation Pattern in the chart, the price is supposed to go further higher. The ADX period 14 is below the level 20 (showing a trendless market). However, the DM+ is above the DM-. The MACD (default parameters) has both its signal lines and the histogram above the zero line. When the momentum returns to the market, the price development would favor the bull.

Conclusion: Irrespective of the pullbacks that have been seen so far in this year, Microsoft stock will make further higher highs and higher lows, testing the distribution territory at 50.00, and possibly going higher than that. There are certainly many trading instruments that continue to respect Bullish Confirmation Patterns in their charts, proffering good opportunities to grow capital. One needs to bear it in mind that a bear market is a bear market and the bull will do himself a favor to ignore such market. A bull market is a bull market and the bear will do himself a favor to stay away from such market. Instead of going against the dominant bias in a market, one would do well to look for other trading instruments like Microsoft that offer good trading chances.

This forecast is ended with the quote below:

“Usually, you are afraid of a loss prior to entering a trade. But you have to recognise that long-term success and profitability in trading is a long-term process and does not depend on one single trade.” – Jens Klatt

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