hey Guys,
- Yearly Chart is bullish, Double Bottom and Engulfing Candle.
->Targets … 41 … 45 … 49.
Quarterly: Bullish Candle breakout above the Highs of Q1.
-> But it is retesting a major supply line and a yearly FIB. - creating a Grey Zone which divides the Stock into a bearish zone below and bullish zone above.
Monthly: Bullish candle - Stochastic...
Microsoft (MSFT) has been trading within a Channel Up since the January 06 2023 low and yesterday came to the closest 1D candle closing to the bottom (Higher Lows trend-line) of the Channel Up since September 27 2023.
That was also the last Higher Low of the Channel Up, achieved exactly on the 0.382 Fibonacci retracement level from the previous Low. With the...