MSFT - rectangle formation - watch out

Hi Friends,

Look at this chart for MSFT . Interesting to see how breaks on supports on RSI and identifying divergences may allow to identify possible good exits and maybe a avoid big falls.

When you see divergences, go down to lower time frames to identify exits/ entry levels

Chart is self explanatory. At this moment, price has moved into a rectangle formation. Look for breakouts and be careful on both the RSI as well as price points.

Happy to answer any specifics

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Cheers

Commentaire:

MSFT has broken the upwards channel, while we still don't have the candle close yet, but stock has opened on a gap today. Note, MSFT has been on an uptrend and recently MSFT bagging the Pentagon order, coupled with analyst upwards targets are positives for the stock. We need to see a few things
1. How the candle closes today
2. Does the gap get filled over the next few trading sessions or does this establish itself as a another important support level going ahead

Commentaire: