Microsoft Corporation has broken through the support line of a Rising Wedge. It has touched this line at least twice in the last 8 days. This breakout indicates a potential move to 249.96 within the next 22 hours. Because we have seen it retrace from this positions in the past, one should wait for confirmation of the breakout before trading.
Related Posts
PFE is quickly approaching the resistance line of a Channel Down. We expect either a breakout through this line or a rebound.
PFE is moving towards a resistance line which it has tested numerous times in the past. We have…
Supports and resistances are primary concepts of technical analysis. XOM is heading for an important price of 118.8200 – read about what this could mean for the future.
XOM is heading towards a line of 118.8200. If this movement continues, the price of XOM could test…
Could a large bearish move on AMD be a sign of things to come?
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…