MSFT has been banging away at the resistance line of a large Cup & Handle pattern and has possibly moved the resistance line to 351.47 after a few attempts at this almost exact level.
This was looking toppy, but another leg up has changed that outlook, for now.
This stock is trying to beat an ATH, so price is making it's own resistance at an unusual level as it seems to have trouble getting past 351.47. There is no old price action above 351.47.
Often with almost no resistance overhead a stock will fly in to the sky for a while at least.
Strong stock. Earnings are fairly soon/7-27/and could explain the hesitancy.
Spinning top at resistance today/indecision.
This level is supposed to be a launching pad, not a camping ground. (o:
No recommendation
This was looking toppy, but another leg up has changed that outlook, for now.
This stock is trying to beat an ATH, so price is making it's own resistance at an unusual level as it seems to have trouble getting past 351.47. There is no old price action above 351.47.
Often with almost no resistance overhead a stock will fly in to the sky for a while at least.
Strong stock. Earnings are fairly soon/7-27/and could explain the hesitancy.
Spinning top at resistance today/indecision.
This level is supposed to be a launching pad, not a camping ground. (o:
No recommendation