Likely a Correction
Microsoft has good fundamentals that it has likely priced most of those in at least in the near term
Msft broke trend, appears to have a topping pattern along with a bearish engulfing candle on the daily candles, I can see a clean Bearish rising wedge and measured it out. It will likely over shoot the measured target for one of the support lines. The moving averages are still holding strong bullishness. keep in mind msft still has bullish engulfing candle on monthly and weekly.
Msft broke trend, appears to have a topping pattern along with a bearish engulfing candle on the daily candles, I can see a clean Bearish rising wedge and measured it out. It will likely over shoot the measured target for one of the support lines. The moving averages are still holding strong bullishness. keep in mind msft still has bullish engulfing candle on monthly and weekly.
Note
A break below $132.77 is significant and likely means the rising wedge will play out
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.