Account

New to ADSS? Open an
account now to get started.

OR

Already have an account?

Add funds to your ADSS account

Account

New to ADSS? Open an
account now to get started.

Add funds to your ADSS account

Trends & Analysis
News

Broadcom’s stock jumps on profit beat, stock split

News

Crude oil reverses trend on US data

News

Is Apple’s bull run just getting started?

News

Oracle shares spike despite FQ4 earnings miss

News

EUR/USD plunges after parliament elections

News

Is a big move coming for AMD?

Trends & Analysis
News

Broadcom’s stock jumps on profit beat, stock split

News

Crude oil reverses trend on US data

News

Is Apple’s bull run just getting started?

News

Oracle shares spike despite FQ4 earnings miss

News

EUR/USD plunges after parliament elections

News

Is a big move coming for AMD?

Asset Watch

Will mighty Microsoft build on its 2024 gains?

Thursday May 23, 2024

The AI revolution went mainstream this week, as Microsoft kicked off its Build developer conference on May 21. Thanks to a massive installed user base due to the adoption of its Windows PC products, Wedbush analysts expect the computing giant to “flex its AI muscles,” resulting in new Copilot and AI features that boost future subscriptions.
“We expect a heavy focus on Azure and Microsoft’s AI enterprise endeavours which along with OpenAI are leading the path on this AI Revolution,” the analysts said. “This is just the first phase playing out with a major missing piece in this AI puzzle coming from Microsoft.”
Product launches are often a bullish catalyst for higher revenue and earnings expectations, so could Microsoft price in more optimism for the back half of 2024?

Adhering to the old saying, ‘If it ain’t broke, don’t fix it,’ sometimes simplicity is the most effective trading strategy. For example, Microsoft’s 20-week moving average has been a solid momentum indicator for the last several years. The price action highlights how when Microsoft trades above the blue line, a long position is justified, and when breakdowns occur, patience is prudent.
As a result, the bulls continue to defend the key level with the stock closing above the 20-week MA for four straight weeks (despite some intraweek breakdowns). And if it continues, the constructive technicals should support higher prices, as they have since 2018.
So, will Microsoft’s Build conference create the next fundamental catalyst that supports bullish technicals, or will product disappointments flip both upside down?


Site by Pink Green
© ADSS 2024


Investing in CFDs involves a high degree of risk that you will lose your money due to the use of leverage, particularly in fast moving markets, where a relatively small movement in the price can lead to a proportionately larger movement in the value of your investment. This can result in loses that exceed the funds in your account. You should consider whether you understand how CFDs work and you should seek independent advice if necessary.

ADS Securities LLC (“ADSS”) is authorised and regulated by the Securities and Commodities Authority (“SCA”) in the United Arab Emirates as a trading broker for Over the Counter (“OTC”) Derivatives contracts and foreign exchange spot markets. ADSS is a limited liability company incorporated under United Arab Emirates law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047) and has its principal place of business at 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.

The information presented is not directed at residents of any particular country outside the United Arab Emirates and is not intended for distribution to, or use by, any person in any country where the distribution or use is contrary to local law or regulation.

ADSS is an execution only service provider and does not provide advice. ADSS may publish general market commentary from time to time. Where it does, the material published does not constitute advice, or a solicitation, or a recommendation to a transaction in any financial instrument. ADSS accepts no responsibility for any use of the content presented and any consequences of that use. No representation or warranty is given as to the completeness of this information. Anyone acting on the information provided does so at their own risk.