I opened 1.0 unit(s)
$MSFT VERTICAL 250516 CALL 415.0/CALL 430.0$ ,
In both daily and weekly charts, the william%R is suggesting that MSFT stock price is currently oversold. The price is also near the support level of $410. hence, I am taking the view that there is a probability of price going up from the currently levels in 2-3 months time. therefore, I have opened this bull call spread.
Btw, for a conservative trade, I think it is better to wait for a bullish bar closure before entering a bullish trade.
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