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Bixley
Mar 21, 2020 4:15 AM

Microsoft hidden bullish divergence 

Microsoft CorporationNASDAQ

Description

Weekly chart, first off this goes against my case for a depression however I believe tech stocks will prop the market up during these rough market conditions, which is congruent with another one of my previous analyses. The divergence is hidden as RSI shows lower lows while price maintains higher highs, a parabolic move can be seen on MSFT if this continues it may lead to a bearish divergence on the RSI. Best move is to buy here and sell at $160-165 for short term profits, or just go long lol.
Comments
JohnVicinanza
A lower RSI on a higher price is not a bullish divergence. Be careful out there
MillerTradez
looks more like bearish confluence to me.
Bixley
@MillerTradez, not familiar with that, will look into it, thanks
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