October 21, 2012

Microsoft Chart Analysis


  • Microsoft Weekly charts near crucial support levels. Price near 100 Week SMA and the support zone between 28.15 - 28.32.
  • Weekly stochastic lines yet to reach oversold levels, If the previous low is not held price may slide further.
  • For bulls the positive divergence in MACD Histogram has to work for a possible bounce. If the weekly support zone is not held this setup will not work.
  • QQQ WEEKEND UPDATE
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