Microsoft failed the resistance test

Chart analysis of MSFT :

  • Support level of 24.75 was broken last monday
  • Support becomes resistance
  • Thursday the resistance was broken on an intraday basis, but closed below
  • Support is now at 24.25. If you are still in, that is the stop loss level
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s