October 18, 2011

Microsoft Near resistance line

  • Microsoft Weekly chart shows price near the resistance line of the triangle
  • Indicators in daily chart shows overbought readings.
  • Day closing below 26.61 will favor bears of MSFT.
  • Risk reward ratio seems to favor a bearish trade unless msft decides to breakout of the weekly triangle pattern.
  • GOLD BEARISH PRICE ACTION

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