MSFT stuck in a range - will it go Up or Down?
Looking to see what direction MSFT is looking to go. The stock is showing signs of overextending and is one of the weakest of the Mag 7 stocks.
If price retests the lows, will be watching if there is heavy selling with a lack of buyers to enter a short position. If buying is absorbed then MSFT will likely continue range bound.
Will be watching if price retests recent highs and met by sellers. Will look to enter short targeting first the lower range. If price pushes through recent highs and finds support, will look to add a long position.
If price retests the lows, will be watching if there is heavy selling with a lack of buyers to enter a short position. If buying is absorbed then MSFT will likely continue range bound.
Will be watching if price retests recent highs and met by sellers. Will look to enter short targeting first the lower range. If price pushes through recent highs and finds support, will look to add a long position.
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