March 19, 2011

MSFT Weekend update

  • Weekly chart is showing a bearish trend line break.
  • Daily chart is also trending down below the 200 day moving average.
  • Price in daily chart is moving down in a narrow channel.
  • RSI and price movement is showing some divergence, But things will favor bulls only if price confirms an oversold bounce by closing higher.
  • BIDU TRIANGLE PATTERN