Right now, Microsoft is consolidating at support, after a sort of divergence pushed price down. The is oversold which is always great in an uptrend. Four weeks ago, the impulse turned green, confirming the end of the divergece, right at value, however, the Linkedin announcement pushed price lower.
Going on to the , there is a rejeciton off the swing low at 49.30$, and that is great. The impulse turned blue yesterday, and the divergence is confirmed for the . Normally, I would look to take profits at the fib retracements for this daily , but considering the weekly chart, I believe we can run back to test the top. My target is right below it.