April 27, 2011

MSFT closes above 200 DMA

  • MSFT Daily chart has closed above 50 and 200 day moving averages.
  • But daily chart is showing resistance at 26.70 - 26.80 levels.
  • Sustaining above the resistance band said above can take stock to the resistance line of the triangle shown in weekly chart.
  • Price in weekly chart is contracting We will see big moves in MSFT once price break out of this weekly triangle.
  • CISCO - WEEKEND UPDATE

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