MSFT, in the past few weeks, have made weak recoveries - giving false hope to the bulls, but with tapering around the corner it is hard to see the price jumping up
- MSFT recently filled a small gap
+ since filling this gap the price has been consolidating
- Slow Stochastic shows the momentum of MSFT trending down
+ slow stochastic is extremely overbought - highest level since July
+ long term trend line is a great spot to take profits
- MSFT broke uptrend
+ constant lower highs
MSFT is still well above the 200 EMA but it may be looking for that as potential support in the upcoming weeks. With so much consolidation around the uptrend line - it looks like the bears and bulls will be fighting it out, and momentum will be on the bears side
PT1: $284
PT2: $270
- MSFT recently filled a small gap
+ since filling this gap the price has been consolidating
- Slow Stochastic shows the momentum of MSFT trending down
+ slow stochastic is extremely overbought - highest level since July
+ long term trend line is a great spot to take profits
- MSFT broke uptrend
+ constant lower highs
MSFT is still well above the 200 EMA but it may be looking for that as potential support in the upcoming weeks. With so much consolidation around the uptrend line - it looks like the bears and bulls will be fighting it out, and momentum will be on the bears side
PT1: $284
PT2: $270
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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.