• MSFT is reacting just above a clear support level at $235.10 (dividend adjusted chart);
• Although we see a strong bullish reaction, we don’t see reversal signs yet;
• Would be good if MSFT close the weekly chart like this, or if we see a clear bullish reversal pattern in the daily chart before assuming it’ll reverse;
• Either way, there are two open gaps (yellow squares, daily chart), and they would be our next targets if MSFT confirms a reversal;
• On the other hand, by losing the $235 level, it will just resume the bear trend and seek the $200 area;
• This could be the beginning of a strong reversal, so it is important to keep an eye on MSFT for now, as the Risk/Reward ratio looks very good.
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
• Although we see a strong bullish reaction, we don’t see reversal signs yet;
• Would be good if MSFT close the weekly chart like this, or if we see a clear bullish reversal pattern in the daily chart before assuming it’ll reverse;
• Either way, there are two open gaps (yellow squares, daily chart), and they would be our next targets if MSFT confirms a reversal;
• On the other hand, by losing the $235 level, it will just resume the bear trend and seek the $200 area;
• This could be the beginning of a strong reversal, so it is important to keep an eye on MSFT for now, as the Risk/Reward ratio looks very good.
I’ll keep you guys updated on this. Remember to follow me for more analysis like this! Keep in touch.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.