February 3, 2012

Microsoft Resistance level

  • MSFT Monthly chart with triangle breakout and Resistance level.
  • Current up move will hit 30.50 - 31.50 Zone which will act as resistance.
  • This zone has acted as resistance many times in the past.
  • Bearish weekly candles at this zone may lead to a reversal. Week candles should trade above this zone on closing basis for a bigger up move to happen.
  • ES SUPPORT AND RESISTANCE LINES
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