MSFT - Falling Trend [MIDTERM]- 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
Heavyprofit
Good chance that the pair will break previous resistance level.This is a follow-up of my last post where i explained that GBP/USD will continue it's bearish momentum.
The price is close to previous resistance level , i believe price will break through to test previous support level and make a reversal to the upside.
But there's a slight probablity that it may reverse after touching previous resistance level, in that case... open long positions and expect price to go higher than 1.3200.