Trading idea number S-018 | Microsoft stock could fall to $293 area.
The configuration is negative. The RSI is below the neutrality area at 50. MACD is below its signal line and negative. In addition, the stock is below its 20-day and 50-day moving averages. Finally, Microsoft trades below its lower daily Bollinger band.
📉 Short Entry at 310.88
💰 Take Profit at 293
💸 Stop Loss at 320
The configuration is negative. The RSI is below the neutrality area at 50. MACD is below its signal line and negative. In addition, the stock is below its 20-day and 50-day moving averages. Finally, Microsoft trades below its lower daily Bollinger band.
📉 Short Entry at 310.88
💰 Take Profit at 293
💸 Stop Loss at 320
Trade closed: stop reached:
-2.93%