MSFT: Bearish Crab with Double MACD Bearish Divergence
Microsoft has traded up to a 1.618 Fibonacci Extension and has formed a Bearish Crab with Double MACD Bearish Divergence, so long as $350 holds as resistance, I think it could go as low as about $295 to fill the gap below.
In the meantime, I have sold $350 multi-week calls.
In the meantime, I have sold $350 multi-week calls.
Trade active
If we get weak guidance while the price is prepped at these levels the price should very easily go down to the common/deep retrace levels and take most of the big indexes with it.Trade active
We have Bearish Confluence between a Perfect Bearish Shark and a Bearish Crab with the 61.8% Retrace at around $271 and the 88.6% Retrace at around $229.50: 
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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.