Looking at Microsoft Corp. (MSFT), we have the same dynamic we saw on the Nvidia (NVDA) and Apple, Inc. (AAPL) charts, the lower high.
The All-Time High for this stock came in July 2024. This means that prices have been dropping now for several months. The recent up-move is just a pull-back, a natural market reaction after a major move. The bias is down and new downtrend is being established, we are in bearish territory.
The pull-back produces a lower high and now we have a break below EMA8, EMA13 and EMA21 on the weekly timeframe. Closing below these levels, 421-423, would confirmed the bearish bias. The week closes tomorrow of course.
Trading volume has been dropping since March 2023, a very long time and we have marketwide correlation with this chart. The DXY, which moves in inverse fashion to these stocks, turned ultra-bullish and is growing like there is no tomorrow.
We are about to experience a major correction or crash on this one. Prepare yourself.
The bearish wave can last for months...
Thank you for reading.
Your support is appreciated.
Namaste.
The All-Time High for this stock came in July 2024. This means that prices have been dropping now for several months. The recent up-move is just a pull-back, a natural market reaction after a major move. The bias is down and new downtrend is being established, we are in bearish territory.
The pull-back produces a lower high and now we have a break below EMA8, EMA13 and EMA21 on the weekly timeframe. Closing below these levels, 421-423, would confirmed the bearish bias. The week closes tomorrow of course.
Trading volume has been dropping since March 2023, a very long time and we have marketwide correlation with this chart. The DXY, which moves in inverse fashion to these stocks, turned ultra-bullish and is growing like there is no tomorrow.
We are about to experience a major correction or crash on this one. Prepare yourself.
The bearish wave can last for months...
Thank you for reading.
Your support is appreciated.
Namaste.
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🚨 LIFETIME (Pay 1, Get 7)
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More 👉 t.me/masteranandatrades/6681
lamatrades.com —Since 2017
🚨 TOP Results: ZEC +2736% · ETH +2150%, CRO +1272%, AAVE +1134%, DOGS +868%, SOL +861%, XRP +749%, BTC +580%
More 👉 t.me/masteranandatrades/6681
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
