[S-005] MicrosoftTrading idea number S-005 | Microsoft stock could fall toward support in the 300 USD area.
The setup is negative: The RSI is below its neutrality area at 50. MACD is negative and below its signal line. In addition, the stock is trading below the 20-day and 50-day moving averages within a short downtrend, where just during yesterday's session it tested the resistance line.
On a weekly basis we can observe prices below the 20-period moving average (within the bollinger bands). The RSI and MACD show a reversal of the trend after an overbought phase.
📉 Short Entry at 321.88 USD
💰 Take Profit at 300 USD
💸 Stop Loss at 330.50 USD