MSFT - Breathing out
Hello Everyone! A bunch of signals from MSFT after Friday close, let's start.
Following recent all time high, price starts to breath out and looks like to find support at 50 sma daily (195,78), where very near we can spot the first Fibo retracement ( 196,86) actually not even touching those levels but bouncing off before reaching, infact the low of the daily candle was 197,51. This is bullish.
What else we also spot? a divergence between price and RSI. This is bearish.
Will this breathing out be enough ? in other words : will the price start trading in the next few days around 200 usd and eventually trading higher after founding support at its 50 sma, or needs to breath out few more and look for a support at 38,2% Fibonacci level (184,75) ?
Both scenario are possible, I would say to wait Monday close for a confirmation.
If you feel to leave a comment pls do that and....may the market be with us!
Following recent all time high, price starts to breath out and looks like to find support at 50 sma daily (195,78), where very near we can spot the first Fibo retracement ( 196,86) actually not even touching those levels but bouncing off before reaching, infact the low of the daily candle was 197,51. This is bullish.
What else we also spot? a divergence between price and RSI. This is bearish.
Will this breathing out be enough ? in other words : will the price start trading in the next few days around 200 usd and eventually trading higher after founding support at its 50 sma, or needs to breath out few more and look for a support at 38,2% Fibonacci level (184,75) ?
Both scenario are possible, I would say to wait Monday close for a confirmation.
If you feel to leave a comment pls do that and....may the market be with us!
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