Microsoft (MSFT) 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.
Investing Quote…
…”Mathematics is the only exact science. All power under heaven and on earth is given to the man who masters the simple science of mathematics.”…
William D Gann
..”it is better to have few stocks and to watch them carefully”…
Bernard Burach
..“One must search through a maze of complex and contradictory details to get to the significant facts … Then he must be able to operate coldly, clearly, and skilfully on the basis of those facts.” The challenge for the successful speculator is “how to disentangle the cold hard facts from the rather warm feelings of the people dealing with the facts.” Moreover, “if you get all the facts, your judgment can be right; if you don’t get all the facts, it can’t be right”…
Bernard Baruch
..”Money can’t buy you happiness but it does bring you a more pleasant form of misery”..
Spike Milligan
..“Successful speculation requires staying on top of changes in industries and companies that either create new industries or improve on existing industries. The majority of your profits will come from these two … The shrewdest traders throughout history all adapted the skill of reactionary change, as the market constantly presents new and different opportunities.”..
Bernard Baruch
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