MSFT, strong company with competitive advantage. On top on the shopping list, but for now it still looks bearish. Here are some zones to look at and key notes.
- Rejected 200dayMA.
- Can't go over neutral on the RSI.
- Moving averages curling down, downtrend momentum.
- Bearish market sentiment.
+ 50weeklyMA at 289, historically a good moving average to start looking for a buy.
+ Down 20% from high, good companies bounce faster and harder.
- Rejected 200dayMA.
- Can't go over neutral on the RSI.
- Moving averages curling down, downtrend momentum.
- Bearish market sentiment.
+ 50weeklyMA at 289, historically a good moving average to start looking for a buy.
+ Down 20% from high, good companies bounce faster and harder.