MSFT broke out of the resistance line of $152.43 but quickly came back in bounds.
Sell signal on 1HR candle.
Trend just turned bearish, indicating we continue down if no higher for rest of day.
Daily and Weekly view are still bullish.
Moving average here is extremely close which is the reason why I would be bearish here.
I cannot find another instance in the chart where selloff did not occur within $5.50 distance of price. We are currently at $6 - so we are close so selloff.
Exits
If price breaks up. Anything over $154 I would be out, if not sooner at your discretion.
Daily gaps around $142, $137
Final support at $135.15
If you have any questions, let me know.
I am not active in this position. I am updating for the community.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL
Sell signal on 1HR candle.
Trend just turned bearish, indicating we continue down if no higher for rest of day.
Daily and Weekly view are still bullish.
Moving average here is extremely close which is the reason why I would be bearish here.
I cannot find another instance in the chart where selloff did not occur within $5.50 distance of price. We are currently at $6 - so we are close so selloff.
Exits
If price breaks up. Anything over $154 I would be out, if not sooner at your discretion.
Daily gaps around $142, $137
Final support at $135.15
If you have any questions, let me know.
I am not active in this position. I am updating for the community.
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY.
Short SPY, AAPL