📊 Microsoft Corp. New All-Time High (Bearish Signals)

Let's start by looking at the weekly timeframe chart...


➖ An ATH was hit in July but the candle in which the ATH hit closed red and this preceded a correction.

➖ A new All-Time High hit last month with the candle again closing red, which opens the door for a new but stronger correction. These are early signals.

➖ The weekly RSI is showing a 2 year strong bearish divergence, it peaked November 2021 while the stock peaked November 2023.


➖ On the daily timeframe MSFT still trades above EMA10 but a recent bearish candlestick pattern showed up after the new ATH.

➖ We have really high buy volume 15-Dec but prices failed to move higher, a sign of weakness.

There is potential for a drop.
Additional confirmation is needed, is still very early but the bullish trend is losing momentum.

Namaste.