MSFT 04/11/2023
MSFT shows strong support at 283.01-284.30
MSFT currently in a resistance zone, 288.66-289.63
LONG:
MSFT could break above 289.63, head toward 291.59 with possible rejection at that level. If MSFT pushes through 291.59, it could see 293.01-293.95
NOTE: WATCH FOR RESISTANCE @290.33-290.65 and 292.08-292.47
SHORT:
MSFT could reject at current zone and head down to 286.00, resistance @287.12. Low could touch 285.45, with enough momentum it could touch the support zone of 283.01-284.30
NOTE: I DO NOT CURRENTLY TRADE MSFT, THIS WAS A QUICK LOOK AT THE CHART. HOWEVER, THE ZONES AND LINES ARE PRESENT ON THE 1HR CHART.
NOTE*: MSFT LOOKS BULLISH AND ALMOST MIMICS SPY, WHICH I AM BULLISH ON. IF THERE IS NO MAJOR NEWS, I SEE MSFT HITTING THE HIGH MENTION ABOVE. IF NEWS HITS, WE WILL MOST LIKELY SEE THE SUPPORT ZONE AGAIN (4TH TIME IN TWO WEEKS).
MSFT currently in a resistance zone, 288.66-289.63
LONG:
MSFT could break above 289.63, head toward 291.59 with possible rejection at that level. If MSFT pushes through 291.59, it could see 293.01-293.95
NOTE: WATCH FOR RESISTANCE @290.33-290.65 and 292.08-292.47
SHORT:
MSFT could reject at current zone and head down to 286.00, resistance @287.12. Low could touch 285.45, with enough momentum it could touch the support zone of 283.01-284.30
NOTE: I DO NOT CURRENTLY TRADE MSFT, THIS WAS A QUICK LOOK AT THE CHART. HOWEVER, THE ZONES AND LINES ARE PRESENT ON THE 1HR CHART.
NOTE*: MSFT LOOKS BULLISH AND ALMOST MIMICS SPY, WHICH I AM BULLISH ON. IF THERE IS NO MAJOR NEWS, I SEE MSFT HITTING THE HIGH MENTION ABOVE. IF NEWS HITS, WE WILL MOST LIKELY SEE THE SUPPORT ZONE AGAIN (4TH TIME IN TWO WEEKS).
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