MSFT: Crashing? Yes. Scary? Nope.
• MSFT just hit our target at $228, as it did exactly what we expected since our previous public analysis on it, almost a month ago (the link is below this post, as usual);
• Despite the high volatility, this movement is very technical and not surprising at all, but in order to bounce again, MSFT has to react as soon as possible;
• The problem is that any bounce will face at least two resistance levels in the daily chart: First the $238, second the 21 ema;
• Only if MSFT breaks these key resistances it might do a clear reversal structure;
• If not, we can expect a continuation of this bearish sentiment all the way down to $212, the next technical support level;
• Therefore, let’s pay attention to the $228 support, as now would be the best time for a reaction.
Remember to follow me to keep in touch with my daily analyses!
• Despite the high volatility, this movement is very technical and not surprising at all, but in order to bounce again, MSFT has to react as soon as possible;
• The problem is that any bounce will face at least two resistance levels in the daily chart: First the $238, second the 21 ema;
• Only if MSFT breaks these key resistances it might do a clear reversal structure;
• If not, we can expect a continuation of this bearish sentiment all the way down to $212, the next technical support level;
• Therefore, let’s pay attention to the $228 support, as now would be the best time for a reaction.
Remember to follow me to keep in touch with my daily analyses!
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