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Strategies & Market Trends : LastShadow's Position Trading

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To: Teresa Lo who wrote (23334)10/27/1999 2:36:00 AM
From: Teresa Lo  Read Replies (3) of 43080
 
MSFT - Chart and Technicals

While we do not look at stocks often, this is an appropriate time to review MSFT. On the daily chart, yesterday formed a dark cloud cover at resistance at $95. Action over the next few days will be very important. In this time frame, MSFT has essentially been chopping sideways since the July high. A dropping ADX confirms the narrowing range. A break should come soon.

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