Here we can see a downwards channel that began in July. The price is currently at the upper channel line and just over a fib resistance level. I suppose the stock will drop from its current price until it reaches the lower channel line. Recently as the price would up, the volume would continue to go down. Also the RSI is reaching 70 which indicates that the stock...
Looking for the potential of near term weakness in Microsoft via a wonky little Head & Shoulder's Top formation. Probably the bigger idea here is that any sort of major decline in excess of 20% (in the Indices) is probably a bit farther off in the future. A retest of the support trend line indicates to me a decline of up to 20% is possible in the major indices...
Short Term Long potententially heading onto longer term short - watch for breaks of 31.93 for long and break short of 32.30 (technically this has broken out already but should provide a re-entry point after retesting 32.30-32.54 area. Watch for resistance at 32.30 on way up as this may stop long target being hit (probably candle wick will hit 32.54 and close will...
After MSFT's explosive rally as Windows became a staple for computer users, price peaked and then moved sharply lower and then sideways for years. It's interesting to note where the price corrected to. Apple's chart looks very similar - IPADs/ Iphones became the must have and the company experienced hyperbolic growth and sales - It's not going to continue... ask...
It remains to be seen how price will behave next week after the one day gap fill on 2013.08.23.
As price nears SP2 there could be an opportunity to short it. However, be very aware that the major trend is still up. The blue channel depicts the frequency bandwidth of price movement. It is near the upper limit of the blue channel.
As a caveat, a nice break above...
Stock rallied after Ballmer's departure news but it might be just emotional buying. There is no clear information on the next CEO and the company looks bad in the short term. So, no foundation will drive the stock back to the 30ish level in the near future.
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...
