Earnings after market close today.
MSFT is in a rising and narrowing rising wedge. These can be long term patterns but are bearish if lower trendline is broken. As a rule, a security finds support inside the wedge.
It does not appear this market likes earnings whether you beat or miss as of late.
Price was outside the top band but the red candle today is bringing it back inside
No recommendation.
I've own this for years and do not plan to sell, but not sure I would buy it today )o:
MSFT is in a rising and narrowing rising wedge. These can be long term patterns but are bearish if lower trendline is broken. As a rule, a security finds support inside the wedge.
It does not appear this market likes earnings whether you beat or miss as of late.
Price was outside the top band but the red candle today is bringing it back inside
No recommendation.
I've own this for years and do not plan to sell, but not sure I would buy it today )o:
Comment:
256 to 259ish is another support level I did not draw but an important one as there is a small gap there