MICROSOFT: Last chance to rebound. Selloff under this trendline.

2023年9月19日

Microsoft is on a neutral technical setting on the 1D timeframe (RSI = 47.707, MACD = 0.040, ADX = 29.959) despite trading on the HL of the Rising Megaphone for the second time in 30 days. As long as this trendline holds, MSFT is a buy signal, targeting R1 (TP = 366.50). A cross under the Bullish Megaphone, will be a sell signal aiming at the 1D MA200 (TP = 300.00).

It is worth mentioning that the 1D MACD formed today a Bearish Cross, the first since July 21st. The pattern could be replicating the price action of September-November 2022.

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