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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. Please hit like if you agree.
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...