Microsoft Corporation has broken through a support line of a Triangle and suggests a possible movement to 147.51 within the next 21 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 9 days.
Related Posts
A Triangle has formed, AMZN is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
AMZN is moving towards a resistance line. Because we have seen it retrace from this line before, we…
AVGO through 179.82032608695653. Is this a confirming a breakout? Will it continue its path in the current trend toward 203.4274?
AVGO moved through the resistance line of a Channel Down at 179.82032608695653 on the 4 hour chart. This…
AMD moves lower to 78.26 in the last 15 days.
Those of you that are trend followers are probably eagerly watching AMD to see if its latest 28.98%…