MSFT is testing a recent trend line with the lowest volume yet. Will be watching MSFT to see if it can take out the November 9th lows and either retest failed support or the underside of the 50 SMA / trendline.
Will start to develop a trade plan on the short side if the above materializes.
Cheers!
Looking to see what direction MSFT is looking to go. The stock is showing signs of overextending and is one of the weakest of the Mag 7 stocks.
If price retests the lows, will be watching if there is heavy selling with a lack of buyers to enter a short position. If buying is absorbed then MSFT will likely continue range bound.
Will be watching if price retests...
