Potenital Short idea for $MSFT Targeting 191.5 Bearish
Indicators RSI and MFI corrected from overbought status but showing negative signals too. $MSFT stock tried to go back above red trend line on Friday but failed to close above it. Closed with bearish candlestick . The favorite idea is to bounce to 212-217 then rejected targeting 191.5 . if market is weak then possible to catch 180.3 and even 166 which are major supports. stoploss for short idea near by 224. also it possible to continue correction without bounce if opened lower than Low of Friday at 201.4
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lowest 196.25 almost target reached .. too close from my target box
Comment:
Rejected from 210 and reached 196.25 . 191 is more likely next week!
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