d.vezeris
Long

Microsoft Corp Weekly (23) Chart Technical Analysis

NASDAQ:MSFT   Microsoft Corp.
The Microsoft ( MSFT ) weekly chart shows the following signs:

The Price of MSFT make a Long green Candlestick giving a bullish sign over the Tenkan Sen for two weeks now. The MACD is ready to give a bullish sign on Monday (06.09.2014) and the RSI is already on bullish . Volume is UP. The Stock is over the EMA200, over the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.

I expect that the stock will continue the upside move in the channel up and it will cancel the divergence in MACD . If you see closer at the last week's green candlestick , it looks like a hammer (it closed at high prices of MSFT's weekly movement) that means that the stock left a promise for higher highs.

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