Critical days for the Microsoft stock. there are various signs that we we are nearing the end or the "post-corona" dip recovery, and with Microsoft being a critical part of it, its says a lot of the status of the Nasdaq 100. In this market everything is possible, so even a continuation of the bullish movement of the past months. Specific to Microsoft, I would say that we moving down. There a various hurdles to take but I see that the bullish way upwards is losing significantly power.
It seems a new the channel is being formed in the past weeks and that market failed to bring Microsoft above the the pre-corona highs around 190,- The line between the bottoms of October '19 and January '20 looks to me a line that now acts as strong resistance drawn in blue. a close under 180 in the next days, would confirm the way the the basement I guess. What do you think?
Let's see what will happen today and the rest of the week!
It seems a new the channel is being formed in the past weeks and that market failed to bring Microsoft above the the pre-corona highs around 190,- The line between the bottoms of October '19 and January '20 looks to me a line that now acts as strong resistance drawn in blue. a close under 180 in the next days, would confirm the way the the basement I guess. What do you think?
Let's see what will happen today and the rest of the week!