Microsoft Corp.
Short

MICROSOFT: Bearish breakout under the 1D MA50.

291
MSFT has turned neutral on its 1D technical outlook (RSI = 46.496, MACD = 1.200, ADX = 24.141) as the price reached the 1D MA50 for the first time since late October on a sideways price action. Since the 1 year pattern is a Channel Up, we expect its bottom to get tested (TP = 345.00) if the 1D MA50 is crossed. Consider it a bearish breakout signal.

See how our prior idea has worked:

MICROSOFT: No buying before the Resistance breaks.


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