Given the recent decrease in earnings and the substantial holdings of shares by major institutions, it appears prudent for investors to consider taking profits and bolstering capital. This is particularly pertinent given the current bearish sentiment in the broader market, as evidenced by the downward trends in indices such as the S&P 500 and DJIA.
Against this backdrop, the market has recently tested the MA50, accompanied by notable volume, suggesting an increased likelihood of a bearish downturn. In light of these indicators, it may be wise to consider a short-selling strategy with a target profit of up to 21%, while remaining open to the possibility of earlier profit-taking opportunities. Momentum in prices is already trending downwards, and should the broader market continue its bearish trajectory, there is a substantial chance that major companies like Microsoft could experience downward pressure on their stock prices.
Against this backdrop, the market has recently tested the MA50, accompanied by notable volume, suggesting an increased likelihood of a bearish downturn. In light of these indicators, it may be wise to consider a short-selling strategy with a target profit of up to 21%, while remaining open to the possibility of earlier profit-taking opportunities. Momentum in prices is already trending downwards, and should the broader market continue its bearish trajectory, there is a substantial chance that major companies like Microsoft could experience downward pressure on their stock prices.