May 27, 2010

MICROSOFT CORP(MSFT) BEARISH ENGULFING PATTERN


  • MICROSOFT CORPORATION HAS FORMED A BEARISH ENGULFING PATTERN IN DAILY CHART.
  • STOCK IS TRADING BELOW ITS 200 DAY MOVING AVERAGE
  • HAS CRUCIAL SUPPORT AT 24.95 TRADING BELOW THIS SUPPORT  AREA STOCK MAY SLIP TO 22 INITIALLY.
  • ANY REVERSAL FOR THIS STOCK SHOULD HAPPEN FROM 24.95.
  • EVEN IF THE STOCK RALLIES UP THE 200 DAY MOVING AVERAGE WILL NOW ACT AS RESISTANCE.
THANK YOU

No comments:

Post a Comment