Microsoft has been in a range for a few weeks. Then a breakout to the down and a retest of the break.If it doesn't break the $102 area it can fall back to $94 and if it breaks down that level I believe a downtrend is confirmed.
Also notice the RSI(14) spend a lot of time in the BEAR ZONE.
Note
Also a possible 0.38 fib retracement on the weekly chart:Note
Or 50% retrace if you take it from the most recent high:Note
With the above said, those weekly hammers are questionable...Note
After a doji on the daily (indecision), today the price rallied above and seems to have broken through.
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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.