I’m starting a new feature for my text alert subscribers. If you’ve given me your cell phone # to get alerted when I go live for events and other things, I’m going to start sending you my Chart of the Week every Wednesday.
Well, at the beginning of each week, before markets even open, I sift through hundreds of charts to find the week’s best opportunities using my Market Roadmap tool. Each week is different, but I usually find between 10 and 30 charts with potential.
Just because they’re on that list doesn’t mean they are going to skyrocket. So I like to give them a couple of days to see which one taking the best shape.
This is why I’m choosing to send you the Chart of the Week on Wednesday. It’s the best way I have to give you that week’s top opportunity.
This Week’s Chart
MSFT has a really nice Market Road Map type setup.
The entry would be on a move up through $346 with a conservative target around $380.
Stop would be down below $305 initially and then moved up above the entry at $346 once MSFT moves up to the $366 area.
The correction took roughly 2 months, and a good rule of thumb is to allow up to 3x longer for a move like this to play out. So that puts us at 3-6 months out if this move does happen.
You can check out this TradingView chart for reference: https://www.tradingview.com/x/AWspTlZf/
Hope you enjoy,
— Jeffry Turnmire
PS> I’m going to be live on Ask the Pros with Jack Carter and Roger Scott tomorrow, Friday October 13th… We’ll be sharing why we see a rally coming in Q4. If you’d like to join us, enter your email address here.