MSFT has good fundamentals and is in a renewed up-trend as-is SPY which is a bullish sign for MSFT.
However, MSFT has a high deviation of the 20MA from the 50MA. If that should begin to narrow we could see at least a short term pullback.
However, MSFT has a high deviation of the 20MA from the 50MA. If that should begin to narrow we could see at least a short term pullback.
Note
MSFT also has earnings coming this week.Note
SPY dragged it down a bit. Daily Chart suggests a short term pullback. Maybe to 281.97Note
Took awhile, but we got there.
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.
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.