MICROSOFT Remains a buy as long as the 1day MA50 holds.
Microsoft / MSFT turned sideways inside the 4 month Channel Up after it hit the 350 Resistance (and All Time High) and got rejected.
The price is now approaching the bottom of the Channel Up and the 1day MA50.
The 1day MA50 has been supporting since January 26th.
As long as it holds, buy and target 360.
If the price closes a 1day candle under it, sell and target 315.
A closing under the 1day MA100, can initiate a bearish reversal.
Notice: the 1day RSI is holding its Rising Support, keeping the momentum bullish.
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The price is now approaching the bottom of the Channel Up and the 1day MA50.
The 1day MA50 has been supporting since January 26th.
As long as it holds, buy and target 360.
If the price closes a 1day candle under it, sell and target 315.
A closing under the 1day MA100, can initiate a bearish reversal.
Notice: the 1day RSI is holding its Rising Support, keeping the momentum bullish.
Follow us, like the idea and leave a comment below!!
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