empty
 
 
02.08.2023 04:10 PM
MSFT stock price close to a weekly reversal.

This image is no longer relevant

Blue lines - bullish channel

MSFT stock price is trading around $330.95 outside and below the bullish channel it was in since December of 2022. Short-term trend has changed to bearish as price in the lower time frames is making lower lows and lower highs. MSFT stock price is now exiting the bullish channel it was in and is very close to making a new weekly lower low. Two weeks ago the weekly candlestick was a bearish hammer reversal. Last week was negative confirming the importance of the bearish hammer candlestick. This week a close outside of the bullish channel will confirm our bearish expectations for a move lower.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback