January 29, 2011

MICROSOFT Chart analysis

  • Daily chart of MSFT shows price testing the 50 day moving average.
  • Momentum of price is favouring bears. If stock closes below 50 dma direction will favour bears in the short term.
  • Weekly chart shows important support area near 27.40. Price is testing this level. Closing below this level will take price towards the weekly trend line.
  • US DOLLAR RISES FROM THE GOLDEN RATIO

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1 comment:

  1. AAR VEEJanuary 30, 2011 at 5:23 PM

    Hi San ,

    I have posted analysis of different Time Frames of the market in my blog ,The Third Eye -http://aar-vee.blogspot.com/ , Please have a look and leave your comments and observations .

    Regards.

    ReplyDelete

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