MSFT daily is at major resistance and is due for a pullback. The day after that report it has a strong powerful volume but it was on leg down which is more bearish than bullish. Last two days price move up while volume didn't which is more bearish than bullish.
It is above 8, 20, and 50 days MA but it is still below BigRed which is neutral.
Volume is not confirming the price move or this leg up.
RSI still has a place to go up and is not yet overbought.
MACD is moving strongly up.
Overall: MSFT is in a big symmetrical triangle and is at resistance. >Daily close above the trend line on a bigger volume would indicate a strong and powerful move up. However, if MSFT found resistance here and drop it could drop to the lower and smaller trend line which could last as support. Anyway, a breakout of this symmetrical triangle will be powerful and strong, no matter which direction it goes.
It is above 8, 20, and 50 days MA but it is still below BigRed which is neutral.
Volume is not confirming the price move or this leg up.
RSI still has a place to go up and is not yet overbought.
MACD is moving strongly up.
Overall: MSFT is in a big symmetrical triangle and is at resistance. >Daily close above the trend line on a bigger volume would indicate a strong and powerful move up. However, if MSFT found resistance here and drop it could drop to the lower and smaller trend line which could last as support. Anyway, a breakout of this symmetrical triangle will be powerful and strong, no matter which direction it goes.
Consistency is the key of success....
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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.
Consistency is the key of success....
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.