MSFT is one of our favorite tickers to watch. Look how beautifully this ticker respect not only the channel it has developed but look at the touches on the fib levels throughout the years.
To give some perspective these fib levels are based off of the 2000 highs to the 2008 lows and each level is well respected.
We have had this rising wedge pattern drawn up for quite some time now and thought we should share. We just did an analysis on a smaller time frame feel free to go check it out.
We have had our puts placed since we broke down under $90. Looking to ride them down to go retest the former breakout area at $60.
AMD is currently in a descending triangle and coiling up tight. Price is either going to breakout or breakdown this week, currently neutral until we get a confirmation of direction here. Let me know what you guys think below!
