The strongest resistance for all-time of Microsoft !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 and by breakout the support line of this triangle will be a sell signal to 50% Fibonacci .
The resistance zone ~ $142-142.5
The support zone ~ $120
Market Cap
1073.602B
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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
