Just a brief analysis. There is a possibility that the market will rally higher and that we will see a blow off top, but the DJI has found pretty substantial resistance again above 26000 so we may be about to see the true initial drop of an incoming recession. The December drop was merely the start, and subsequent rally was constructed so that people have another...
The Megalodon indicator recently gave us not just a buy signal, but a strong buy signal. It'll be important to watch for Microsoft's earnings at the market close on Wednesday. Definitely keep this on your watchlist. For information on how to use the Megalodon indicator for yourself, just send me a message!
This is for the stock traders, maybe a possible down trend on Microsoft however with it being a company in the technology sector i would be careful as a new product or software could significantly change this.
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Microsoft started the correction after a sequence of strong impulse waves. This kind of correction is healthy and necessary.
Hi, have a check on the Chart.
the stock is setting up for BAT pattern.
Long position - 90.61
Stop Loss - 86.00
take profit - Target 1 - 100.48
take profit - Target 1 - 106.53
Here's another bearish tech analysis. This one is brief. It's pretty clear what the setup is. Either we have a double top, or we drop from here. Either way, once we drop below the recent low of around 93.67, we will most likely head straight down towards my target at the red "X," between $50 and $57. That's the only support level we have below. What's pretty scary...
Microsoft is nearly as valuable as Apple market cap-wise. The price correlation between November 16th until now seen some outmost positive growth. Even with some slight negatives from today, you can expect a very soon price target of $115. Also expected is Microsoft to rally past its 52 week high as a company. While, Microsoft isn't on my portfolio, it still shows...
MSFT bounced off its support at 11.63 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 109 (76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is testing its support at 18%.
The Microsoft MSFT stock price is in an ascending channel, and is very near the bottom of it today. I expect to see a reversal occur and the price to start rising until it reaches the top of the price channel. This is supported by RSI levels.
Please hit like if you agree.
