September 4, 2013

MICROSOFT Chart analysis

  • Microsoft daily chart shows price falling to a support zone.
  • Weekly chart shows price at the rising support line.
  • Fib levels in weekly chart shows price trying to find support at the 50% retrace level which has acted as good support so far. Holding these levels MSFT is likely to move up again. Bears need a weekly close below these support levels for a bigger breakdown to happen.

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