Microsoft is up 43% over 77 days but has pretty much traded sideways for about 54 days being up only 6%. There is clear resistance at the $188.00 level.
Everything is telling me that this was a consolidation period and we will break new highs potentially next week. I am looking for some nice large green candlesticks that break through all time highs.
We had a MACD crossover on the daily chart but that can easily poke back through it. RSI is high but not overbought.
This is a tough one for me and very important for the overall stock market. Any thoughts?
Everything is telling me that this was a consolidation period and we will break new highs potentially next week. I am looking for some nice large green candlesticks that break through all time highs.
We had a MACD crossover on the daily chart but that can easily poke back through it. RSI is high but not overbought.
This is a tough one for me and very important for the overall stock market. Any thoughts?