No questions asked. I don´t care why but MSFT as well as NVDA (as most prominent examples) are counter trending vs the over all tech market.
$MSFT's chart is telling us the following story at the moment:
1. Breakout above the 10 EMA (M), which is a key threshold.
2. Breakout into 5 month highs.
3. Break of structure with a fresh higher high after the price failed to make new lows.
Caution:
1. The bar hasn't closed yet,
2. Price trading against a heavily congested area where the bears could step in.
3. No obvious trading set up yet. I Would need another breakout above the upcoming resistance to confirm the uptrend.
Manage risk! Manage risk! Manage risk!
Cheers,
Tenacious Tribe
$MSFT's chart is telling us the following story at the moment:
1. Breakout above the 10 EMA (M), which is a key threshold.
2. Breakout into 5 month highs.
3. Break of structure with a fresh higher high after the price failed to make new lows.
Caution:
1. The bar hasn't closed yet,
2. Price trading against a heavily congested area where the bears could step in.
3. No obvious trading set up yet. I Would need another breakout above the upcoming resistance to confirm the uptrend.
Manage risk! Manage risk! Manage risk!
Cheers,
Tenacious Tribe