May 15, 2011

MSFT Weekend update

  • 50 Week moving average is acting as stiff resistance for MSFT.
  • Price is looking negative in weekly chart. Price has broken an important trend line on closing basis in weekly chart.
  • But Stock has good support at 24 Levels. Price is moving down to the support line of the triangle. Which can take it to 24 levels exactly.
  • If 24 is held we may see a long trade happening considering the oversold indicators in weekly and daily chart.

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