January 23, 2011

MICROSOFT Chart analysis

  • MSFT weekly chart shows price struggling near the 61.8% Fibonacci level.
  • Weekly chart is showing a shooting star candlestick pattern. 
  • Daily chart too is showing negative price action. If the small triangle like pattern gives a support line break then stock may continue to fall till the 50 DMA. 
  • For bulls Price is still above 50 and 200 day moving averages so Bulls will be comfortable to hold long until the 50 DMA breaks.
  • A BEARISH APPLE

By at

5 comments:

  1. Stephen MartinJanuary 23, 2011 at 8:21 PM

    feel free to post your updates at my comment sections San...I love your updates...Got Disqus on the comments section now!!Great work pal!

    ReplyDelete
  2. Stephen MartinJanuary 23, 2011 at 8:22 PM

    I would love to give you the opportunity to post at my site as a header! email me

    ReplyDelete
  3. SanJanuary 23, 2011 at 8:40 PM

    Thanks LB for the support

    ReplyDelete
  4. AAR VEEJanuary 23, 2011 at 9:44 PM

    Hi San,

    Please visit my Blog ,”The Third Eye”- http://aar-vee.blogspot.com/

    and leave ur valuable comments on the analysis .

    Regards

    ReplyDelete
  5. SanJanuary 23, 2011 at 10:04 PM

    Hi AARVEE

    My best wishes for "THE THIRD EYE"

    ReplyDelete

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