On daily:
CCI was up when earnings were reported, now it fell just below the 0 line.
RSI and MACD are down, not really following stock's price direction, so it should get bearish, but I feel it will make a jump then make all daily indicators go up from the middle of the indicator's chart parameters.
ADX says bull trend is over and DMI has crossed a bearish point.
The trend lines forming a triangle would indicate price will stay likely in that triangle and not go anywhere else.
MSFT is above 50 day EMA and 200 day EMA.
50 day EMA is currently at 46 and in the days to come it will rise a bit.
200 day EMA is at 44.50 and is likely to stay there
If price manages to keep the last day's downtrend, sustained by gravestone doji on daily chart on thursday, it is likely to touch the 50 day EMA, and if it goes lower, it will touch both the trend line and the 200 day EMA.
My theory is that MSFT will likely stay in the triangle, either by bouncing off at 50 day EMA or 200 day EMA+ trendline.
After that, it can go up. If it goes lower into the triangle and goes below 200 day EMA at 45, next target will be 40.
Since is summer, there's a chance stocks will fall.
As for 1h timeframe, any price break below 46.50 means short. For now, microsoft short. Long term, microsoft long
You should consider the S&P bubble that is about to burst due to high volatility in the markets
CCI was up when earnings were reported, now it fell just below the 0 line.
RSI and MACD are down, not really following stock's price direction, so it should get bearish, but I feel it will make a jump then make all daily indicators go up from the middle of the indicator's chart parameters.
ADX says bull trend is over and DMI has crossed a bearish point.
The trend lines forming a triangle would indicate price will stay likely in that triangle and not go anywhere else.
MSFT is above 50 day EMA and 200 day EMA.
50 day EMA is currently at 46 and in the days to come it will rise a bit.
200 day EMA is at 44.50 and is likely to stay there
If price manages to keep the last day's downtrend, sustained by gravestone doji on daily chart on thursday, it is likely to touch the 50 day EMA, and if it goes lower, it will touch both the trend line and the 200 day EMA.
My theory is that MSFT will likely stay in the triangle, either by bouncing off at 50 day EMA or 200 day EMA+ trendline.
After that, it can go up. If it goes lower into the triangle and goes below 200 day EMA at 45, next target will be 40.
Since is summer, there's a chance stocks will fall.
As for 1h timeframe, any price break below 46.50 means short. For now, microsoft short. Long term, microsoft long
You should consider the S&P bubble that is about to burst due to high volatility in the markets
