MSFT Breakout Dependant on Earnings
Currently in triangle consolidation, earnings being declared tomorrow (29/Apr). Earnings will likely set direction for breakout which has higher potential on the downside than upside. Overall risk/reward is higher on long side than short side. RSI pointing up as absolute low is almost being reached. ADX neutral.
If upside break a weak resistance at 181.47, if broken could reach target of 191.
If downside break a weak support at 150.82. Could reach as low as 132.
If upside break a weak resistance at 181.47, if broken could reach target of 191.
If downside break a weak support at 150.82. Could reach as low as 132.
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