Microsoft (MSFT) shrugged off its MACD bearish divergence
Microsoft (MSFT) shrugged off its MACD bearish divergence and rallied as its traded above the $306 level highlighted on 15 May
2023’s weekly CFD commentary. Based on this price action, Microsoft may continue towards the next resistance at $337.50 if prices can
stay above the $320 level. In contrast, prices are likely to retest $290 support if there is a daily close below $306. That possibility could
not be ruled out as Microsoft’s MACD still showing a bearish divergence.
2023’s weekly CFD commentary. Based on this price action, Microsoft may continue towards the next resistance at $337.50 if prices can
stay above the $320 level. In contrast, prices are likely to retest $290 support if there is a daily close below $306. That possibility could
not be ruled out as Microsoft’s MACD still showing a bearish divergence.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.