On August 9, MSFT hit a high of 58.50 with an RSI of 76.
On December 22, the high mark was 64.10 and the RSI was 66.
This divergence between price and RSI tells me that the trend upwards that started in March of 2009, might be due for a reversal.
I'll be looking for another bullish move between 58 and 60 to get back in because I expect upward movement this year from MSFT.
On December 22, the high mark was 64.10 and the RSI was 66.
This divergence between price and RSI tells me that the trend upwards that started in March of 2009, might be due for a reversal.
I'll be looking for another bullish move between 58 and 60 to get back in because I expect upward movement this year from MSFT.