MSFT: Watch out for these KEY POINTS! A delicate bull trend.
• MSFT is back to its 21 ema in the daily chart;
• The trend is still bullish, despite the drop, but it must react as soon as possible, otherwise, it might reverse the bullish sentiment;
• If it loses the 21 ema would be problematic for the bulls, but if it loses the $238 area, the dual-support made by the 38.2% retracement + red line (previous bottom), then it could easily seek the $228 again (61.8% retracement);
• Therefore, we must pay extra attention to the key level at $238, as this is our game changer on MSFT;
• Since the bias is still bullish, any reaction above $238 would be a buy opportunity, however, there’s no bullish sign confirmed yet;
• Only time will tell, but I’ll keep you posted on this.
Remember to follow me to keep in touch with my daily analyses!
• The trend is still bullish, despite the drop, but it must react as soon as possible, otherwise, it might reverse the bullish sentiment;
• If it loses the 21 ema would be problematic for the bulls, but if it loses the $238 area, the dual-support made by the 38.2% retracement + red line (previous bottom), then it could easily seek the $228 again (61.8% retracement);
• Therefore, we must pay extra attention to the key level at $238, as this is our game changer on MSFT;
• Since the bias is still bullish, any reaction above $238 would be a buy opportunity, however, there’s no bullish sign confirmed yet;
• Only time will tell, but I’ll keep you posted on this.
Remember to follow me to keep in touch with my daily analyses!
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