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MSFT Microsoft Corporation Technical Rebound

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If you haven`t sold MSFT after they Issued the Warning to Investors:
MSFT Microsoft Issued a Warning to Investors


Then you should know that the chart reached our price target perfectly and is now ready for a technical rebound.

A technical rebound refers to a recovery from a prior period of losses when technical signals indicate that the move was oversold.
In this case, the Relative Strength Index momentum indicator of MSFT Microsoft Corporation is at 24.30.
Even though i am overall bearish on the economy, buying a strong financial instrument when the RSI is below 30, would make a case for a potential short term reversal.

Looking forward to read your opinion about it.

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