We have a very small inverted hammer on the weekly. This is a bullish reversal. We need to see confirmation over the next couple days. The weekly 200ema is feeling the pressure of MSFT trying to push lower.
On the daily we see multiple attempts at the 9 EMA. We also see strong resistance and selling pressure in the 228.40-232.20 area. We also see similar behavior on the weekly chart. Right now the area holding up MSFT from lower lows is the 225-228 area.
Long trigger is 230 - 231
Short trigger is 222 - 224
Watching this one closely.
This one based on the weekly is a 50/50
based on the daily I think we will see some lower consolidation before a direction is decided on the weekly.
On the daily we see multiple attempts at the 9 EMA. We also see strong resistance and selling pressure in the 228.40-232.20 area. We also see similar behavior on the weekly chart. Right now the area holding up MSFT from lower lows is the 225-228 area.
Long trigger is 230 - 231
Short trigger is 222 - 224
Watching this one closely.
This one based on the weekly is a 50/50
based on the daily I think we will see some lower consolidation before a direction is decided on the weekly.