4xForecaster
Short

Update: Predictive Analysis/Forecasting: Bearish | #MSFT #NASDAQ

BATS:MSFT   MICROSOFT CORP
134 0 2
Friends,

Yesterday, our screening brought up a bearish market reversal confirmation for Microsoft             (See: "Is Micro Soft?" analysis here
Predictive Analysis / Forecast: Is Micro Soft? | #MSFT #NASDAQ
). So we decided to further the analysis and generate forecasts.

Our predictive analysis generated a bearish outlook for the software giant and produced three distinct bearish targets at a primary target, TG-1 = 33.28, a secondary target, TG-2 = 31.10 and a structurally new lot target, TG-Low = 29.23.

However, we also cautioned against the possibility of an interim rally capped at our EAGLE range. This upper limit allows the counter-trend trader to enter a position at an (E)xtreme (AG)gressive (L)evel of (E)ntry defined by the pink zone in the chart, while placing a stop-loss slightly above the historical structure-high of 38.98.

Ever since releasing the signal on January 30th, price has indeed moved towards that EAGLE zone. However, our analysis remains bearish despite a significant adverse excursion against a softer 37.61 overhead resistance.

OVERALL:
Unless our system signals yet another reversal to the upside, our current predictive analysis and forecast remains unchanged. Above resistance levels will likely be visited over this coming week. If new structural changes occur, we will provide technical comments pertinent to the underlying changes.

Cheers,

David Alcindor | 4xQuad.com
Predictive Analysis & Forecasting


---------------------------
Where to find us:
- Twitter: @4xForecaster
- TradingView.com: 4xForecaster
- Facebook: http://www.4xQuad.com
(we appreciate the "Likes" sweeteners too)


Recent forecast hits:

1 - #USDollar: http://on.fb.me/19Pf77y
2 - #AUDUSD: http://on.fb.me/1kDHbdB
3 - #NGAS: http://on.fb.me/1aSMYHV
More archived here: http://bit.ly/16JMnH8


---------------------------------

Disclaimer from Bob Lobb Law: All of our analyses are for educational purpose only. The forecasts, analyses and opinions generated herein are not trading recommendations. Want to trade? Then, do your own due diligence first, seek professional advice from a licensed professional and enter the market at your own perils - 4xQuad, LLC.
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

Signal Service or Private Course - Contact: MarketPredictiveAnalysis@gmail.com
All updates on https://twitter.com/4xForecaster
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out