Microsoft with a large head and shoulders formation.
Technical Analysis of Microsoft (ticker at Nasdaq: MSFT)
Microsoft with a large head and shoulders formation.
Although the stock exchanges and many shares have recovered a good deal in the past week, and after the strong correction in the markets.
But there are still many charts for both important stock market indices and large important companies, which indicate that there may be another sharp decline soon.
One of these charts is Microsoft (MSFT), and where it looks suspiciously like an ongoing establishment of a large head and shoulders formation.
Such large head and shoulders formations often appear at the end of a longer uptrend, and these formations are considered to be among the most reliable of all technical formations.
Now it is starting to look suspiciously like a large head and shoulders formation here in the chart for Microsoft (MSFT), and where now the other shoulder may be in the process of being established.
What will trigger a strong technical sell signal for Microsoft (MSFT) will be if there is an established break down below the 'neckline' and the support level around USD 388.00.
On the upside, there is now important technical resistance to watch for the Microsoft share around USD 420.00 - 430.00.
In any case, it is well worth following closely here, and one does not have to have a very good imagination to be able to see that this looks a lot like a large and clear head and shoulders formation during the establishment of the now last shoulder in the formation.
If there were to be such a strong technical sell signal from such a large head and shoulders formation for Microsoft (MSFT), then the formation here would indicate that the MSFT share could fall down to around USD 320.00 - 340.00.
Pls don't shoot the messenger..
Microsoft with a large head and shoulders formation.
Although the stock exchanges and many shares have recovered a good deal in the past week, and after the strong correction in the markets.
But there are still many charts for both important stock market indices and large important companies, which indicate that there may be another sharp decline soon.
One of these charts is Microsoft (MSFT), and where it looks suspiciously like an ongoing establishment of a large head and shoulders formation.
Such large head and shoulders formations often appear at the end of a longer uptrend, and these formations are considered to be among the most reliable of all technical formations.
Now it is starting to look suspiciously like a large head and shoulders formation here in the chart for Microsoft (MSFT), and where now the other shoulder may be in the process of being established.
What will trigger a strong technical sell signal for Microsoft (MSFT) will be if there is an established break down below the 'neckline' and the support level around USD 388.00.
On the upside, there is now important technical resistance to watch for the Microsoft share around USD 420.00 - 430.00.
In any case, it is well worth following closely here, and one does not have to have a very good imagination to be able to see that this looks a lot like a large and clear head and shoulders formation during the establishment of the now last shoulder in the formation.
If there were to be such a strong technical sell signal from such a large head and shoulders formation for Microsoft (MSFT), then the formation here would indicate that the MSFT share could fall down to around USD 320.00 - 340.00.
Pls don't shoot the messenger..
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