was up when were reported, now it fell just below the 0 line.
and are down, not really following stock's price direction, so it should get , but I feel it will make a jump then make all daily indicators go up from the middle of the indicator's chart parameters.
says trend is over and DMI has crossed a point.
The forming a triangle would indicate price will stay likely in that triangle and not go anywhere else.
MSFT is above 50 day and 200 day .
50 day is currently at 46 and in the days to come it will rise a bit.
200 day is at 44 .50 and is likely to stay there
If price manages to keep the last day's downtrend, sustained by gravestone on on thursday, it is likely to touch the 50 day , and if it goes lower, it will touch both the and the 200 day .
My theory is that MSFT will likely stay in the triangle, either by bouncing off at 50 day or 200 day EMA+ .
After that, it can go up. If it goes lower into the triangle and goes below 200 day at 45, next target will be 40.
Since is summer, there's a chance stocks will fall.
As for 1h timeframe, any price break below 46.50 means short. For now, microsoft short. Long term, microsoft long
You should consider the S&P bubble that is about to burst due to high in the markets