The weekly chart shows a nasty "Bullish flag".
Even though this pattern is bullish, there are bearish signs to consider.
Take the S1 Weekly Pivot as our first example.
It was acting as a support, but now it is acting as a resistance, as the price has broken through (and managed to stay below) with high volume.
The RSI is still falling and has plenty of room to...
Price did not play out as expected in my last analysis. Price has taken the lows at 238.07. My expectations are unchanged, I'm expecting a bullish retracement into the bullish POI at 251.94 and possibly filling the fair value gap at 260.40.
1st time this happens ever since the trend turned bullish in 2012 for $MSFT. By the end of the month, we will get confirmation of a potential bear market trend starting to gain traction here.
Investors had a tremendous 10 year run ever since but it appears to be over.
Best of luck!
Ivan Labrie.
The Federal Reserve’s hawkish policies this year have punished megacap growth stocks, as most traders know. The resulting gloom has dragged two of the market’s four trillion-dollar companies to potentially important levels: Microsoft and Alphabet .
Both hit new 52-week lows yesterday and are near levels where they bounced earlier in the year.
MSFT slipped...
lower volume yesterday in combination with parallel trend line test on w2 /w4 sets up a higher probability that this is indeed an end of impulse wave.
edit: it should be resistance not support
This is the level I wanted to see. If this can hold here would be a great r/r for a long. Watching what happens at this area for the day. Hopefully this holds and can recover from here.
Microsoft has painted a head & shoulders formation, and is on track to confirm a neckline break on the daily and weekly timeframes. Expect a continuation of the downtrend on this neckline break, as well as further index weakness given MSFT's tremendous weight in the indices.
Notes:
Confirmation still required on neckline break, a wick below is insufficient.
...
Would not long this counter. Although there's a hammer, the volume spike is not exceptionally huge. ROC is down, DMI is down and OBV is down. As such, would consider the next rally a shorting opportunity. real support is at 224.05
Price did not play out according to my analysis last week. I was expecting price to bounce off the bullish POI at 260.84 and rally into the bearish POI at 274.52. However, the bullish momentum was not strong enough and after we see a reaction at the bullish POI, price continue to break lower and invalidated the upside expectation. Right now, I'm expecting a...
over or under puts or calls over or under puts or calls over or under puts or calls over or under puts or calls over or under puts or calls over or under puts or calls over or under puts or calls
HELLO GUYS THIS MY IDEA 💡ABOUT MSFT is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this long position..
and when the price come back to this area, strong buyers will be push up the market again..
UPTREND + Support from the past + Strong volume area is my mainly reason for this...
On H4, with the price moving below the ichimoku cloud and MACD is showing a death cross, as well as the MA 30 is above MA10, we have a bearish bias that the price may drop from the sell entry at 251.26, which is in line with the swing lows and 78.6% fibonacci retracement to the take profit at 241.39, where the previous swing low is. Alternatively, the price may...
