January 10, 2013

MICROSOFT in a Range

  • MSFT Weekly chart shows a range between 26.26  -  27.77
  • Price near the support zone and Weekly MACD is positioned for an up move ONLY if the support zone is held and follow up by breaking above the falling resistance line shown in second chart.
  • Major hurdle for bulls in daily chart is the 50 Day SMA. Price need to stay above 50 SMA for a bigger up move to follow.

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