Timonrosso

Microsoft showing downside with Inv Cup and Handle target $262.6

Short
BATS:MSFT   Microsoft Corp.
Inv Cup and Handle formed on Microsoft.

The price broke below and this is where aggressive traders take advantage.

21>7
RSI<50

Target 262.66

Despite the positive sentiment with interest rates put on hold. There are signs that they will increase again this year. So we will need to prepare for the potential crash.

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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