MSFT - Short position
When looking at MSFT current underlying value and most recent price behaviour when using a 2-hour range, investors can see that on the 02/09/22 a three-bar pattern formed making up a shooting star. In this instance, this was a bareish indication, a failed attempt to correct the underlying stock value´s bearish momentum with bullish momentum.
When observing 50 and 100 day ranged EMA averages investors can see that on the 26/08/22 shorter 50-day EMA moving average crossed beneath the longer 100-day EMA moving average. This dead cross was followed by a strong down trend, underlying prices falling 7%. This was after bullish rallies that were witnessed since mid-July. On 27/07/22 shorter 50-day EMA moving average crossed above longer 100-day EMA moving average. This fresh bullish crossover was followed by a rally that saw the underlying share value continue to increase over 10%. Currently EMA moving average lines are not moving back towards one another, instead they are moving parallel in a different trajectory. Therefore, the down trend is more likely to strengthen before corrections occur.
When observing MACD and signal lines, investors can see that 06/09/22 the MACD line crossed beneath the signal line. This further supports our bearish sentiment.
Based on EMA moving averages, candlestick patterns and behaviour as well as MACD and signal lines, we are bareish in sentiment. We anticipate that the stock will fall further and have taken a short position as a result.
When observing 50 and 100 day ranged EMA averages investors can see that on the 26/08/22 shorter 50-day EMA moving average crossed beneath the longer 100-day EMA moving average. This dead cross was followed by a strong down trend, underlying prices falling 7%. This was after bullish rallies that were witnessed since mid-July. On 27/07/22 shorter 50-day EMA moving average crossed above longer 100-day EMA moving average. This fresh bullish crossover was followed by a rally that saw the underlying share value continue to increase over 10%. Currently EMA moving average lines are not moving back towards one another, instead they are moving parallel in a different trajectory. Therefore, the down trend is more likely to strengthen before corrections occur.
When observing MACD and signal lines, investors can see that 06/09/22 the MACD line crossed beneath the signal line. This further supports our bearish sentiment.
Based on EMA moving averages, candlestick patterns and behaviour as well as MACD and signal lines, we are bareish in sentiment. We anticipate that the stock will fall further and have taken a short position as a result.
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