MSFT possible reversal
Bearish candlestick pattern printed on the weekly chart. Pay attention to the wicks; the newest candle tried to retest the high and reversed before it could get back up there.
Here we have the daily chart showing MSFT breaking trend, as well as a bearish reversal pattern confirmed with a mini bear flag.
Current target is $192-$195, but i'll be watching price action closely around $198 level.
Planning to cut losses if we gap up this coming Monday, or if we open flat/green and we're not down trending within the first hour of trading.
Here we have the daily chart showing MSFT breaking trend, as well as a bearish reversal pattern confirmed with a mini bear flag.
Current target is $192-$195, but i'll be watching price action closely around $198 level.
Planning to cut losses if we gap up this coming Monday, or if we open flat/green and we're not down trending within the first hour of trading.
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