Microsoft has been a little confused and I would be extremely cautious with this one.
The blue line at 43.61 is a pretty good support line and 45.23 is a weak but good enough for a quick trade resistance. What I mean is that if it closes over 45.23 and you buy it right before it closes, the chances to make 1-2% the next day are good.
47 is the BEST resistance zone for a trend reversal. I would rate MSFT a buy if it closes over 47. First thing is first and let's see if 43.61 holds.
Comments
octradr
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Now would be a good time to begin opening a position. 46 is now the minor support with 45.23 being the major. Try to get in as close to 46 as possible for the 2nd round purchase. 8/8
octradr
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It closed over 47 again and supports are still holding. Let's see what the next few days have in store before we jump. 8/4 after close
octradr
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43.61 has held great and is still the major support, but the resistance at 45.23 is now new short-term support. It closed over 47 once and has been testing this new support for about a week now. Like I said in the title... MSFT is a tease so be careful.7/29 after close
octradr
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45.23 is now a major support and it did close over 47 a few days ago. Now would be a good time to start getting in. 7/23 b4 close
octradr
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It is now testing the REAL resistance. Monday should tell the tale. 7/17 after close
octradr
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It did close over the 45.23 resistance line and it did go up about 1% the next day but it may be getting ready to go back down. I would put a decent support and stop loss at a close under 44.95. 7/15 after close