- Microsoft Quarterly results will be announced next week and the stock has hit the weekly resistance line.
- Price has also hit the Weekly Bollinger band.
- Cloud resistance in weekly time frame is looking strong as well.
- We may see false breakouts above the weekly resistance line. Positional longs can only be taken if week closes above these resistance levels.
- For bears its a low risk high return sell that is developing.
- RESISTANCE LINES OF GOOGLE
July 16, 2011
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