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dreampunchboy

Microsoft potentiality starting a downtrend?

Short
Microsoft Corp. (NASDAQ:MSFT)  
dreampunchboy Updated   
NASDAQ:MSFT   Microsoft Corp.
Trend Analysis
3
0
trendanalysis
MSFT has been in a range for a few weeks. Then a breakout to the down and a retest of the break.
If it doesn't break the $102 area it can fall back to $94 and if it breaks down that level I believe a downtrend is confirmed.

Also notice the RSI(14) spend a lot of time in the BEAR ZONE.
Comment:
Also a possible 0.38 fib retracement on the weekly chart:

snapshot
Comment:
Or 50% retrace if you take it from the most recent high:
snapshot
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With the above said, those weekly hammers are questionable...
Comment:
After a doji on the daily (indecision), today the price rallied above and seems to have broken through.
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