Currently building momentum and testing its new support line, (previous resistance) I believe that now is a perfect entry as we currently have the retest being showed to us. Comment below your thoughts!
we have a strong trendline which has recently been broken going from a resistance to hopefully a new support. I have waited for a retest to see if it would hold and it looks good so far. I personally will be taking this trade as its a low risk high reward due to the timing of placement. Let me know what you guys think below all opinions welcome.
With a breakout on a previous uptrend and an upcoming resistance from a previous head and shoulder this is called the neck line which i have labelled on the chart. The breakout has retested the only support line and i will personally be taking a short on this pair.
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.