MSFT - rectangle formation - watch out

2019년 10월 24일

Hi Friends,

Look at this chart for MSFT. Interesting to see how breaks on supports on RSI and identifying divergences may allow to identify possible good exits and maybe a avoid big falls.

When you see divergences, go down to lower time frames to identify exits/ entry levels

Chart is self explanatory. At this moment, price has moved into a rectangle formation. Look for breakouts and be careful on both the RSI as well as price points.

Happy to answer any specifics

If you like what you see, please share a thumbs up. Happy to hear your comments too, they can be helpful to continue learning and keep posting these free ideas and analysis.

Cheers

2019년 10월 28일

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MSFT has broken the upwards channel, while we still don't have the candle close yet, but stock has opened on a gap today. Note, MSFT has been on an uptrend and recently MSFT bagging the Pentagon order, coupled with analyst upwards targets are positives for the stock. We need to see a few things
1. How the candle closes today
2. Does the gap get filled over the next few trading sessions or does this establish itself as a another important support level going ahead

2019년 10월 28일

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