March 23, 2015

Microsoft Chart analysis

  • MSFT Has a bearish pattern in daily chart.
  • Daily chart also shows a death cross. This will be effective till price stays below 50 Day SMA.
  • Price for now is taking support at weekly cloud. Bears need to fall below the cloud for bigger falls to happen. Bulls need to move back above 50 and 200 SMA to negate the bearish patterns in daily chart.
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