The Microsoft MSFT stock price is in an ascending channel, and is very near the bottom of it today. I expect to see a reversal occur and the price to start rising until it reaches the top of the price channel. This is supported by RSI levels.
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This is a quick description as how I use STOCH and the RSI2 to help me find key pullbacks in a trending market.
Throughout trending markets we expect to see healthy pull backs. This happens as people rotate out of certain stocks/sectors, price drops and this gives us a great opportunity to enter the stock at a discounted price.
If we take $MSFT as an example we ...
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company's segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company's products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers. It also designs, manufactures, and sells devices, including personal computers (PCs), tablets, gaming and entertainment consoles, phones, other intelligent devices, and related accessories, that integrate with its cloud-based offerings. It offers an array of services, including cloud-based solutions that provide customers with software, services, platforms, and content, and it provides solution support and consulting services.
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NASDAQ:MSFT
