November 7, 2010

MICROSOFT Weekend Update

  • MSFT is finding it tough to move away from its 200 DMA. Last week stock went above the 200 DMA, then it came below it and the weekend close was at the 200 DMA.
  • The crucial levels to look for in the daily chart is 26.38 as main support and 27.49 as resistance a clear direction may emerge once the stock closes above or below the ranges mentioned. 
  • The Fibonacci levels are also showing resistance at 50% Level.
  • Staying above 50% can give 28.19 as first target.
  • Breaking below 50& level and 200 DMA can take it back to 26.10 level.
  • DOW JONES EOD UPDATE
By at

1 comment:

  1. SandyNovember 8, 2010 at 4:02 PM

    Hi,

    It is intresting to note that Steve is selling a lot of his holding in MSFT. Now insider selling , and that too such a large chuck,......hmmmm wonder if he thinks the 50% resistance is too much for MSFT. Maybe Steve has been on your blog as well :)

    ReplyDelete

Subscribe to: Post Comments (Atom)