Shares of Microsoft Corp (MSFT) are hitting new all-time highs again. This is almost a normality on a daily basis. With a market cap of over $2 trillion-Dollars, Microsoft is the second most valuable company in the world. Having said that, the stock chart is telling investors to be weary once price hits $270.50. That is less than $1 Dollar away from the current price. The reason for caution is a major trend line of resistance connecting the recent high pivots of September 2nd, 2020 and April 22nd, 2021. From these pivot highs, Microsoft saw a sharp correction of between 10-15%. When the current price tags this trend line, swing traders can look to short the stock for another 10%+ correction. This is a high reward swing trade setup.
Members of Gareth’s Verified Investing Alerts closed out a total of 206 swing trades in 2020 for a net gain of 1,507.67%. Gareth has already banked 645.26% net (69 winners, 1 loser), in Verified Investing Alerts in 2021 for members! Join now and get the exact entry/exit price alerts, stops and targets… LIVE as well as daily videos, weekly live broadcasts and free educational videos. Get The Action NOW by Clicking HERE.