Microsoft has been a little confused and I would be extremely cautious with this one.
The blue line at 43.61 is a pretty good support line and 45.23 is a weak but good enough for a quick trade resistance. What I mean is that if it closes over 45.23 and you buy it right before it closes, the chances to make 1-2% the next day are good.
47 is the BEST resistance zone for a trend reversal. I would rate MSFT a buy if it closes over 47.
First thing is first and let's see if 43.61 holds.
The blue line at 43.61 is a pretty good support line and 45.23 is a weak but good enough for a quick trade resistance. What I mean is that if it closes over 45.23 and you buy it right before it closes, the chances to make 1-2% the next day are good.
47 is the BEST resistance zone for a trend reversal. I would rate MSFT a buy if it closes over 47.
First thing is first and let's see if 43.61 holds.
