MSFT34 trade ideas
Microsoft giving Breakdown Reversal Alert at $206Microsoft has been moving along 50 days EMA. It broke that support yesterday and is currently right back at it. Important for it to reclaim the 50 days EMA and move up along with it.
On hourly charts, it has given a probable fake breakdown reversal alert .
One can plan an entry at the current price ($210), with a stop loss at around $203.
If the Uptrend continues, it can be trailed with 50DEMA.
MSFT - BIG DivergenceThe stock is falling and can touch the channel support line first, and if falls below the support, may touch the marked targets.
RSI is Divergence - When price moves higher but indicator is not able to follow the same movement, this shows weakness in the
movement, the stock has moved higher than previous highs but RSI was not able to follow the same (i.e. it is lower than the previous high).
MSFT from a beginner's POVThis is one of my first analysis. Please leave a comment on how did I do as I'm trying to improve. Thank you so much
MSFT has really been consistent in price. Looking at the trend right now, the bull is in full control, I think it will bounce back up and might reach to a higher level
resistance at 203
support at 184
My prediction is it's gonna go sideways for a couple of days then bounce to a higher level
