The Microsoft (MSFT) weekly chart shows the following signs:
The Price of MSFT make a Long green Candlestick giving a bullish sign over the Tenkan Sen for two weeks now. The MACD is ready to give a bullish sign on Monday (06.09.2014) and the RSI is already on bullish. Volume is UP. The Stock is over the EMA200, over the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the upside move in the channel up and it will cancel the divergence in MACD. If you see closer at the last week's green candlestick, it looks like a hammer (it closed at high prices of MSFT's weekly movement) that means that the stock left a promise for higher highs.
The Price of MSFT make a Long green Candlestick giving a bullish sign over the Tenkan Sen for two weeks now. The MACD is ready to give a bullish sign on Monday (06.09.2014) and the RSI is already on bullish. Volume is UP. The Stock is over the EMA200, over the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the upside move in the channel up and it will cancel the divergence in MACD. If you see closer at the last week's green candlestick, it looks like a hammer (it closed at high prices of MSFT's weekly movement) that means that the stock left a promise for higher highs.
