Signal Update
Our system’s recommendation today is to BUY. The BULLISH STOP LOSS pattern finally received a confirmation because the prices crossed above the Stop Loss level which was at 289.9000, and our valid average buying price stands now at 297.0000. The previous SHORT signal was issued on 04/24/2023, 3 days ago, when the stock price was 281.7700. Since then MSFT has risen by +5.41%.
Market Outlook
We cannot deny bullish sentiment in the market anymore. It is wiser to hear the call of the market and change positions accordingly. Today’s candlestick has a white body and its close is above the stop loss level. The bullish stop loss is finally confirmed and a BUY signal is generated. It may be now the right time to be part of this boost and bullish market sentiment by joining the growing bullish crowd.