April 8, 2011

MSFT Near 50 day moving average

DAILY CHART
WEEKLY CHART
  • Bulls of MSFT are facing 50 day moving average as resistance.
  • Broken Trend line of Weekly chart may also act as resistance as shown in second chart.
  • Upward momentum can continue only if price can sustain above 50 day moving average.
  • Resistance level of Dow Jones:DOW CHART

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