CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Microsoft

Market Opportunities - 05/08/2020

05 August, 2020

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Microsoft uptrend opportunity based On 1.00 Lot Calculation:

  • According to USA Today, a TikTok acquisition would deliver the (old) software giant a major platform to rival Facebook and Google-owned YouTube. It could remake its image with young people;
  • Microsoft also announced yesterday it would launch xCloud game streaming service September 15 on Android.

Microsoft, August 5, 2020
Current Price: 214.02

Microsoft

Weekly

Trend direction

UP

Resistance 3

223.02

Resistance 2

221.02

Resistance 1

219.02

Support 1

209.02

Support 2

207.02

Support 3

205.02

Example of calculation based on weekly trend direction for 1.00 Lot*

Microsoft

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

9,000

7,000

5,000

-5,000

-7,000

-9,000

Profit or loss in €**

7,597

5,909

4,220

-4,220

-5,909

-7,597

Profit or loss in £**

5,797

5,341

3,815

-3,815

-5,341

-6,868

Profit or loss in C$**

11,925

9,275

6,625

-6,625

-9,275

-11,925

* 1.00 lot is equivalent of 1000 units
** Calculations for exchange rate used as of 10:30 (GMT+1) 5/08/2020
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Senior Account Manager for more details

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