- Price staying above 57.62 levels will help bulls to extend gains.
- 2nd chart shows price hitting the upper bollinger bands with Overbought Stochastic readings. Overbought readings may lead to a correction.
- If the up move continues It may target the resistance line of a bigger contracting triangle pattern shown in 3rd chart. This resistance line for next week is around 58.60 to 58.70 levels approximately.
- MSFT WEEKEND UPDATE
- EXXON MOBIL ANALYSIS
- There is negative divergence. Good resistance levels and Bearish candlestick patterns. But it will be safe to short only on a close below 20 Day SMA.
- Stock will be weak below 85 levels. But positional shorts will be safe on close below 20 Day SMA.
- Trading above 86 will favor bulls to continue the current up move towards 88 - 89 levels.
- MSFT WEEKEND UPDATE
