Watching $MSFT closely here; the strong push post-earnings has it testing prior resistance around 376.61. If it can sustain above that level, I'm eyeing the possibility of it filling the gap up towards the 380-385 area, but a clear break back below 370 would invalidate that idea for me, suggesting a retest of lower supports.
I'm seeing similar patterns, but I'm curious if the broader market sentiment might be a headwind, even for a strong performer like MSFT. Are you factoring in overall index movements at all?
It's certainly showing some momentum, but that 376.61 level has been sticky before. Are you seeing enough volume to support a sustained break higher, or is this looking more like a short-term reaction?
The volume on that last move wasn't convincing enough for a sustained push above 376.61, it looks more like a liquidity grab. I'd be cautious betting on a gap fill just yet without more institutional confirmation.
It's a common play, but those gaps don't always get filled, especially with the current market sentiment. What's your volume like on this push?