MSFT - Falling Trend [MIDTERM]
Updated
- MSFT has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- MSFT has broken up through resistance at 257.
- This predicts a further rise.
- Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock.
- MSFT is overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut loss, TF: Time Frame, RST: Resistance, LT TP: Long term target price
- MSFT has broken up through resistance at 257.
- This predicts a further rise.
- Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock.
- MSFT is overall assessed as technically positive for the medium long term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut loss, TF: Time Frame, RST: Resistance, LT TP: Long term target price
Note
MSFT - Rising Trend Channel [SHORT TERM]- MSFT is in a rising trend channel in the short term.
- MSFT has broken up through resistance at 272.
- The volume balance is positive and strengthens the stock in the short term.
- RSI is above 70 after a good price increase the past weeks.
- MSFT has strong positive momentum and further increase is indicated.
- However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards.
- Overall assessed as technically positive for the short term.
*EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, LT TP: Long term Target Price
Verify it first and believe later.
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TradingView: bit.ly/43y7zC6
Twitter: twitter.com/wavepoint99
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