JICPT| Microsoft retest key long-term MA, attractive technically
Hello everyone. Last Friday's better-than-expected job report triggered another sell-off amid concern of how much fed would increase the interest rate to contain inflation.
It's painful for tech-related stocks even those with tons of cash on their account.
Microsoft came to retest my long-term MA, which it has tested for almost 10 years. For me, this is a really attractive level to load.
What do you think? Give me a like if you're with me.
It's painful for tech-related stocks even those with tons of cash on their account.
Microsoft came to retest my long-term MA, which it has tested for almost 10 years. For me, this is a really attractive level to load.
What do you think? Give me a like if you're with me.
Commentaire:
The higher-than-expected core cpi data weighed on tech stocks, however Microsoft seems to get some support near key level. Let see what sort of pattern it formed
Commentaire:
Stock rebounded from the level as expected amid dovish comment on December rate hike from a fed governor.
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