MSFT hit 180 resistance hard and came down 2.5% in yesterdays trade. Likely to bounce between the 180 and 166 fib retracement support. RSI suggests upwards purchasing power and ADX completely neutral.
I assume a sideways moving stock for 2-3 days before moving up / down depending on macroeconomic activity. Most presumably downwards towards around 156 where I intend to place my take profit.
I assume a sideways moving stock for 2-3 days before moving up / down depending on macroeconomic activity. Most presumably downwards towards around 156 where I intend to place my take profit.