ContraryTrader

MSFT.. diamond top

Short
NASDAQ:MSFT   Microsoft Corp.
Short target is 292 or trend line support

Of course this isn't a MEME stock so don't expect this drop in days..
All stocks return to their trendline support .

Rsi is at resistance

Cci at resistance

My target for msft has always been 310 gap close.. we'll pullback to support before any new leg higher..

First target is 300
Final target is 290

313 stop loss
Comment:
Quick update
Bearish divergence should see 308 By friday, maybe lower

2 hour chart.. they pushed this right up to resistance..



And like I said before XLK sector which msft is 25% of is showing a nasty Rising wedge that we closed at the top of


As Xlk pullbacks to support so will aapl and MSFT.. the real dump will come when XLK breaks support which looking at its positioning could be in the next 3-4 trading session
Comment:

Musical chairs here with the big tech.
307 EoW
Comment:
hovering inside this channel here.. no sincere drop unless it breaks 310

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.