Microsoft Corp.Long
$MSFT back to a dynamic yearly support
MSFT is back down to its 30 SMA on the weekly which is equivalent to its 150 SMA on the daily timeframe. The 30 & 40 SMA on the weekly form a nice dynamic support range for MSFT which has been a top performer in 2020 & 2021. We can expect some institutional buyers here. Let's see if they will show up.RSI reading is breaking below 50 meaning this can be the start of a downtrend if no institutional buyers bid in MSFT.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.