MSFT showing a buy signal on Daily although Weekly view showing capitulation and downtrend has started. In my opinion, we do not see previous weeks high of $152.50 before going down into Xmas.
White channel was added to pink ascending wedge. Wick down on this week confirmed channel. Breakdown of white channel around $146.65 will confirm downtrend. We need to break the 10WeekMA which will occur in 2 weeks or less in my opinion.
Capitulation has started and going back in chart, does not stop until a selloff occurs. Based on previous trends, we should start accelerating the downtrend into the Xmas week (2.5 weeks).
I am overall bullish on MSFT. However, the chart shows a pullback is warranted. This doesn't mean I don't like MSFT.
I am not active in this position. I am updating for the community.
Thank you for liking, commenting, throwing up a chart, following, or viewing. I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts. Disclosure - I am long MARA, GBTC, BTCUSD, GDX, and VIXY. Short SPY, AAPL, ROKU
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.