“Stock Market Stalls Near All-Time Highs—Why Covered Call Traders Love It”
MSFT is in a bullish breakout phase holding at $500; maintaining this level suggests potential for much higher prices, though the speaker is not currently chasing the stock.
Microsoft is in a bullish breakout phase. The price has broken through here with high trading volume. You can see upward gaps here and it has been in the buy zone for a while, so I'm not going to chase the stock now, but they are holding steady at the $500 level.
If we can maintain this level, I think we are looking forward to much higher prices.