Since november of last year MSFT has largely stayed within the same range trending between 26-27.75 from Nov-Jan, giving us what appeared to be a breakout in early February. However, instead this breakout has turned into another consolidation pattern has MSFT created a bullish ascending triangle, and given that generally the longer something consolidates for the...
This is a simple strategy that is used more often in Forex. What we are looking for is a stock which has its 50 MA under the 100 MA and then the price of the stock is also below the 50 MA. Then we look for the stock %R to reach a high level like -20.0000. We now eneter for a short. As per the chart we can see that microsoft has been doing this for the last little...
Key support at 38.2 retracement at $28 was broken. While I do see further shorter term losses, I do think that MSFT provides a good long opportunity off of support (blue and orange lines) at either the $24 or $25.50 level. If orange support line is broken with a weekly close below, I would exit the long trade and reevaluate.
What is Run and Bump Reversal and what does it mean?
Can we learn from studying about the past?
Of cource, that is what we always have done !!!
Please compare with my other chart on Apples Bump and Run Reversal (BARR)
Is this what will happen to Apple? Yes! I think it is obvious :)
I will follow surface closely.
It seems like it has some things to offer with a keyboard and a stand and if yes then Microsoft could be a good investment here.
Furthermore it seems like APPLE is losing momentum due to a lack of innovation which could leave space for Microsoft just as it did for Samsung with Galaxy.
Otherwise it will hit towards the bottom from here.
