Looking at Microsoft Corp. (MSFT), we have the same dynamic we saw on the Nvidia (NVDA) and Apple, Inc. (AAPL) charts, the lower high.
The All-Time High for this stock came in July 2024. This means that prices have been dropping now for several months. The recent up-move is just a pull-back, a natural market reaction after a major move. The bias is down and new downtrend is being established, we are in bearish territory.
The pull-back produces a lower high and now we have a break below EMA8, EMA13 and EMA21 on the weekly timeframe. Closing below these levels, 421-423, would confirmed the bearish bias. The week closes tomorrow of course.
Trading volume has been dropping since March 2023, a very long time and we have marketwide correlation with this chart. The DXY, which moves in inverse fashion to these stocks, turned ultra-bullish and is growing like there is no tomorrow.
We are about to experience a major correction or crash on this one. Prepare yourself.
The bearish wave can last for months...
Thank you for reading.
Your support is appreciated.
Namaste.
The All-Time High for this stock came in July 2024. This means that prices have been dropping now for several months. The recent up-move is just a pull-back, a natural market reaction after a major move. The bias is down and new downtrend is being established, we are in bearish territory.
The pull-back produces a lower high and now we have a break below EMA8, EMA13 and EMA21 on the weekly timeframe. Closing below these levels, 421-423, would confirmed the bearish bias. The week closes tomorrow of course.
Trading volume has been dropping since March 2023, a very long time and we have marketwide correlation with this chart. The DXY, which moves in inverse fashion to these stocks, turned ultra-bullish and is growing like there is no tomorrow.
We are about to experience a major correction or crash on this one. Prepare yourself.
The bearish wave can last for months...
Thank you for reading.
Your support is appreciated.
Namaste.
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lamatrades.com —Since 2017
🚨 Results
ETH +2150%
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AAVE +1134%
DOGS +868%
SOL +861%
XRP +749%
BTC +580%
t.me/masteranandatrades/6681
😱 Wow & New Results
t.me/anandatrades/1350
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🚨 LIFETIME (Pay 1, Get 7)
lamatrades.com —Since 2017
🚨 Results
ETH +2150%
CRO +1272%
AAVE +1134%
DOGS +868%
SOL +861%
XRP +749%
BTC +580%
t.me/masteranandatrades/6681
😱 Wow & New Results
t.me/anandatrades/1350
lamatrades.com —Since 2017
🚨 Results
ETH +2150%
CRO +1272%
AAVE +1134%
DOGS +868%
SOL +861%
XRP +749%
BTC +580%
t.me/masteranandatrades/6681
😱 Wow & New Results
t.me/anandatrades/1350
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.