$MSFT levels
MSFT can go in either direction. This has been charted for over a week. Im posting the D for a reason but please also look at 1HR. We can see that potential IHS play here. Now, Ive boxed two areas. these areas are the shoulders. now we see one shoulder tap at $318.03 and the other at $329.76.
the second shoulder "appears" to be finished however i see to be in a "chop."
why?
As of right now, AO is turning bullish, RSI is attempting to "cool off" after the sell off. Add in BB and we notice that the sell off this morning was an overextended thus triggering the buy.
On the bullish side of things you can see its "formed both shoulders" this preparing for lift off. very easy to see. If the IHS plays I target $339 and $342
Staying neutral but charted both ways.
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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.