Microsoft Corp.Short
Where is the next support level for Microsoft?
Most professionals believe the second biggest company in the world (MSFT) has one of the best balance sheets in the world!
But this was not enough to separate Microsoft from Tech's sell-off!
Microsoft has experienced lower lows in 8 consecutive trading days so far, the last time something like this happened was 11 years ago(June 2010)..!
Since 1987, Microsoft has had 9 bearish cycles with more than 8 lower low days in a row! and never ever more than 10 lower low days in a row!
This makes the chance of recovery higher on Wednesday!
If Microsoft keeps going down for the next 3 days, we are going to have a new record! which could be concerning!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
But this was not enough to separate Microsoft from Tech's sell-off!
Microsoft has experienced lower lows in 8 consecutive trading days so far, the last time something like this happened was 11 years ago(June 2010)..!
Since 1987, Microsoft has had 9 bearish cycles with more than 8 lower low days in a row! and never ever more than 10 lower low days in a row!
This makes the chance of recovery higher on Wednesday!
If Microsoft keeps going down for the next 3 days, we are going to have a new record! which could be concerning!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
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