here's a quick analysis of 5 trading weeks of MSFT using the 4h resolution
- using our VViewer to inspect the estimated supply & demand
1. last Friday, MSFT made the 3rd attempt to break above the $187-$188 resistance and go into a new ATH
2. according to the chart, this was the first time it did this with determination (increasing demand) - the past 2 attempts had diminishing demand as VViewer shows
so what to expect? if the sentiment doesn't change over the weekend for some reason (news?), we may expect a breakout above $188 and MSFT to establish a new range around the $190. will come back and update price levels and projection if that happens
Let's watch how this move unfolds on Monday - stay safe and good luck !
- using our VViewer to inspect the estimated supply & demand
1. last Friday, MSFT made the 3rd attempt to break above the $187-$188 resistance and go into a new ATH
2. according to the chart, this was the first time it did this with determination (increasing demand) - the past 2 attempts had diminishing demand as VViewer shows
so what to expect? if the sentiment doesn't change over the weekend for some reason (news?), we may expect a breakout above $188 and MSFT to establish a new range around the $190. will come back and update price levels and projection if that happens
Let's watch how this move unfolds on Monday - stay safe and good luck !
Related publications
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.
Related publications
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.