Microsoft Corporation has broken through a support line of a Rising Wedge and suggests a possible movement to 156.22 within the next 16 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
If you’re short AMD you should be aware that 99.3300 has just been breached – a level tested 5 time in the past
A strong resistance level has been breached at 99.3300 on the 1 hour AMD chart. Technical Analysis theory…
PFE – approaching a support line that has been previously tested at least twice in the past
An emerging Flag has been detected on PFE on the 4 hour chart. There is a possible move…
Is the extremely large movement on META a sign of things to come?
META experienced an extremely large move that lasted 13. This movement is in the 95.0 percentile and is…