There has been a lot of optimism the previous weeks with with earnings around the corner. There seems to be bullish momentum, but it may be short lived.
- MSFT is at resistance level
+ Slow Stochastic is curving down at 97.66
+ RSI is approaching overbought
+ top of Bollinger band
$306.25 looks to act as resistance with some early bullish momentum. It is important to note that Senator Amy Klobuchar (D) and Senator Chuck Grassley (R), early next week, plan to introduce a major an antitrust bill aimed at big tech companies. The bill would prohibit platforms from prioritizing their own products over rivals. Companies have been accused of ranking their products higher to increase profits. The bill is bipartisan and would be expected to be passed.
- MSFT is at resistance level
+ Slow Stochastic is curving down at 97.66
+ RSI is approaching overbought
+ top of Bollinger band
$306.25 looks to act as resistance with some early bullish momentum. It is important to note that Senator Amy Klobuchar (D) and Senator Chuck Grassley (R), early next week, plan to introduce a major an antitrust bill aimed at big tech companies. The bill would prohibit platforms from prioritizing their own products over rivals. Companies have been accused of ranking their products higher to increase profits. The bill is bipartisan and would be expected to be passed.