Microsoft has been in a bearish ascending wedge for the last couple of weeks. It also has bearish divergence on the RSI both between the February high and today and between the high on the 10th of June and today. Notice that Microsoft was also in an ascending wedge before the so-called COVID-19 crash. And also notice that it tried to overshoot that wedge twice, just as it also has in this more recent wedge.
I am expecting the markets to deteriorate next week. With this, watch to see if Microsoft falls from this wedge.
I am expecting the markets to deteriorate next week. With this, watch to see if Microsoft falls from this wedge.