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readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

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Microsoft a Good Wyckoff Stock

Microsoft

Microsoft is a good Wyckoff stock as it shows accumulation and markup behaving as it should.

This means when a accumulation base is followed by a mark up the larger market participants are finding favor with the fundamentals of the stock. A retail investor who understand the Wyckoff logic can jump on the stock with the confidence that the smart money is supporting his trade.

A good Wyckoff stock shows accumulation and mark up with price reaching the 3:1 target many times in the chart history.

PnF charts are best to determine periods of accumulation and markup, distribution and mark down.

Microsoft Chart

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

"Thus, I affirm, every class of phenomena, whether in nature or in the stock market, must be subject to the universal law of causation and harmony. Every effect must have an adequate cause." ~ William D Gann

"Because of the extreme challenge, one must commit full attention to it." Market speculation is "no different than trying to be a successful doctor or lawyer ... you simply must devote yourself full-time to the study of your craft." ~ Bernard Baruch

"The minute you get away from the fundamentals - whether it's proper technique, work ethic, or mental preparation - the bottom can fall out of your game." ~ Basketball Legend Michael Jordan.

"I buy on the assumption they could close the market the next day and not reopen it for five years" and "Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell." ~ Warren Buffet

"Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway." ~ Warren Buffett

 

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