If $MSFT manages to reclaim the whole gap down it gives you a clear message in regards to cloud names.
We just had guidance for lower cloud earnings for the next period.
We went down despite beats over the past months, we could see a bottom now that the data turns negative.
We just had guidance for lower cloud earnings for the next period.
We went down despite beats over the past months, we could see a bottom now that the data turns negative.
That would show a true character change in the perception of cloud and would mark the time we look past the earnings decline within cloud into the next uptrend cycle.
I will not be playing via $MSFT myself as I prefer $GOOGL.
However there is many cloud growth names that are near yearly lows with clear support to risk off of.
Character change + 10/1 RR could be worth it.
I added some some of my cloud names into the dip this morning.
However there is many cloud growth names that are near yearly lows with clear support to risk off of.
Character change + 10/1 RR could be worth it.
I added some some of my cloud names into the dip this morning.
Bottoms are not put in when good news starts flowing.
Bottoms are put in when the headlines are all doom and gloom but the stocks/market do not react to it and reclaim.
Bottoms are put in when the headlines are all doom and gloom but the stocks/market do not react to it and reclaim.
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