July 12, 2010

Microsoft corp trading near resistance area

  • Microsoft stock is trading above a trend line in daily chart. It is respecting the trend line till now.
  • Between 24 to 25 the stock will hit the channel top resistance. and a band of resistance in the same area.
  • So at 25 one can try to go short with a small stop loss. The risk reward ration seems to be good if one go short near the channel top

1 comment:

  1. zstock,
    I'd try a short MSFT at 25.2...High 26's, have to keep those on the radar too.