HotForex

MSFT Bounced Off Support, Potential Rise!

Long
NASDAQ:MSFT   Microsoft Corp.
MSFT bounced off its support at 11.63 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 109 (76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is testing its support at 18%.

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