Microsoft Corp.Short
MSFT bearish pitchfork and RSI analysis
Updated
MSFT reached a high pitchfork line and the RSI and the price are diverging which is a bearish setup.
Trade closed: target reached
the first step of the divergence played out over the 1st weekly bar, MSFT fell 2.14%. A safe exit would be here but a more aggressive approach would wait till MSFT would fall further, maybe till RSI's gets below the middle (50) line.
Join free discord.gg/wDTkRnS or t.me/TradersForecast
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.