August 20, 2010

Microsoft Corp Technical analysis

  • Microsoft is trading near an important trend line in its weekly chart.
  • The trend in daily chart is clearly down. The current correction can last till 23. 
  • If support comes at around 23 the stock may give a rally.
  • If the stock goes below 23 it means breaking the weekly trend line. A deeper correction will follow if the trend line breaks.

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