Stock Technical indicators to notice in MICROSOFT CP (MSFT)
1- Last bullish trend was from 22.89 $ (6/30/2010) to 26.19 $ (8/2/2010) a 3.30 $ move 2- The current bearish trend started from 26.19 $ at 8/2/2010 and is currently trading at 23.47 $.
4- MSFT current resistance level is at 24.15 which is the 61.80 % fibonacci retracement of the last 3.30 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
6- Bullish Divergance in MACD Indicator .
MICROSOFT CP (MSFT) Short term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 26.190 and 26.440, and is currently resisting at 26.031.
MICROSOFT CP (MSFT) Mid term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 26.190 and 26.440, and is currently resisting at 26.031.
MICROSOFT CP (MSFT) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 26.190 and 31.080, and is currently resisting at 24.723.
Stock Trading Conclusion:
MICROSOFT CP (MSFT) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 24.11, 24.15, 24.51, 24.54, 24.72, 24.83, 24.93, 25.15, 25.41, 26.03, 26.19,.
Stock Support levels : 22.89, 21.99,.
