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phongthienphihong

$MSFT back to a dynamic yearly support

Long
Microsoft Corp. (NASDAQ:MSFT)  
phongthienphihong  
NASDAQ:MSFT   Microsoft Corp.
Trend Analysis Chart Patterns Technical Indicators Microsoft (MSFT)
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trendanalysis chartpattern indicator msft
$MSFT is back down to its 30 SMA on the weekly which is equivalent to its 150 SMA on the daily timeframe. The 30 & 40 SMA on the weekly form a nice dynamic support range for MSFT which has been a top performer in 2020 & 2021. We can expect some institutional buyers here. Let's see if they will show up.
RSI reading is breaking below 50 meaning this can be the start of a downtrend if no institutional buyers bid in MSFT.
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