To be clear - I like MSFT and I am long term bullish on them. I play the pattern and the chart. Chart is bearish currently. This doesn't mean I don't like MSFT.
Weekly view shows MSFT is just beginning the downtrend.
I think we go down to yellow support at least with current correction. This will fill top 2 gaps.
Bottom gaps may all fill with broader market direction.
RSI weekly trend looks to breakdown in the next week or sooner.
We normally go under RSI 50 on the weekly with a correction like we currently have.
Next trend on the weekly is bearish.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY and AAPL.
Weekly view shows MSFT is just beginning the downtrend.
I think we go down to yellow support at least with current correction. This will fill top 2 gaps.
Bottom gaps may all fill with broader market direction.
RSI weekly trend looks to breakdown in the next week or sooner.
We normally go under RSI 50 on the weekly with a correction like we currently have.
Next trend on the weekly is bearish.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY and AAPL.