after tapping the 21 day Moving average I expect Microsoft to be on $273 in the next few weeks
Hello, dear Traders! Monfex is at your service and today we overview MSFT. Microsoft's report exceeded analysts expectations. Since the company's forecast for cloud services was higher than expected. A Flat top triangle pattern is here, the price near resistance zone by breakout of which will be a stong signal to buy. Another side: a bearish divergence by RSI...
When some asks me: "All is ok with American economy". My answer is: "Yes, ofcourse, it just prepare to smash down:)" There is two point for short: 1st at 2900 1 hour resistant. 2nd at 2961.daily resistans. I will wait for 2nd to short.
S&P500 still in main move down. The best point for short near 2961. Also, it can be little lower at 2935. I invite you on my YouTube channel named as USOIL WTI. I will make live broadcast today at 11:00 AM by Chicago You can ask Your questions about any instrument You want.
Is it something wrong with my yesterday plan? Of course not))) I just wait for better point to open short. The Best point for short is 2961. But will price reach it?
Most of the people tell me: "Just relax, it is move down before new high on S&P500". But I don't think so. Price moves down now. Main target at 2700. I wait for opportunity to open short. The Best point for enter is near 2961, but price, also can fall from here.