MSFT | A quick profile: Price has formed a Falling Wedge Chart pattern inside a Downward Moving Channel. There is only 40 cents of room left for daily volatility inside the wedge which suggests a bullish breakout within the next two trading sessions. There is a strong support line directly under price as well as the .5% Fibonacci Retracement line. RVGI has already crossed over bullish, Stochastic's has entered oversold, and the MACD is trading inside the histogram at the 0 line.
Note
Trade Idea VOIDED on 8.16.17
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.