May 28, 2010

MICROSOFT CORP OVERSOLD LEVELS CAN TRIGGER A RALLY


MICROSOFT DAILY AND WEEKLY VIEW

  • MICROSOFT DAILY MACD IS SHOWING DIVERGENCE.
  • WEEKLY CHART SHOWING PRICE GETTING SUPPORT BETWEEN 24-25
  • WEEKLY TRIANGLE HAS GIVEN A FALSE BREAK OUT ON THE DOWN SIDE. AND THE STOCK HAS RALLIED BACK IN TO THE TRIANGLE.
  • MY VIEW IS THAT 24 - 25 WILL BE GOOD SUPPORT ONE CAN GO LONG WITH A STOP LOSS OF 24. 
THANK YOU

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