Looking for the further breakout on
MSFT
105.22 to further downtrend all the way down to 84.81 levels back to last year's Nov prices after huge sell-out yesterday.
Comment:
We are close to the break-out opportunity. Close observation on the price-action today before going in. No brash calls here as price needs to show its dip into the bearish zones before entry can be made
Comment:
Interesting price on the open. I guess its the shorts taking in their profits in the pre-markets. It is still an interesting development and had I been short, I would actually be very interested to add on more size.