samkat79

samkat79 Updated 

day ended with a bullish engulfing candle. However, price has a resistance which is also an important fib level of the wave. A cup and handle may be forming if the price drop to 270 and back up. Fed news might do just that next week. If price breaks current resistance level then upside potential levels are 315, 350 and further 380.

samkat79

On a Daily time frame, I see a gap down with bearish flag channel break out. There is a chance of attempt to fill the gap upto 75 If the gap holds strong then good possibility of stock going all the way to the channel low support of 61 and futher dropping to 50 levels. Also, weekly time frame is showing lower high from previous swing and may form a lower low to...

samkat79

NASDAQ:MSFT Double Bottom with bullish engulfing candlestick. Also, showing RSI divergence. First Target Area - 265 Second Target area - 274