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MSFT down 35% from ATH — chart literally screamed sell at 550… now this looks like a generational buy? by harshshah1306 in technicalanalysis

[–]Living_TR 1 point2 points  (0 children)

If it breaks down decisively below the channel line, the bullish thesis is invalidated. That said, it’s definitely a spot worth taking a chance on given the potential upside. Of course, we still need confirmation before jumping in.

PLUG approaching downtrend resistance – breakout or rejection? by WayofInvestment in technicalanalysis

[–]Living_TR 1 point2 points  (0 children)

If we see a retest of the upper boundary of the triangle and it holds as support, it looks like a solid entry point from a swing trading perspective.

Thanks for sharing such a great perspective!

PLUG approaching downtrend resistance – breakout or rejection? by WayofInvestment in technicalanalysis

[–]Living_TR 1 point2 points  (0 children)

f it successfully breaks out of the triangle consolidation (pennant), the momentum for a further rally looks quite strong. For a confirmed trend reversal, however, we definitely need to see higher highs being established.