Here is a my TA analysis on MSFT.Nearest target is 61,slightly longer term target is 44.
On daily, Should do at least a 38% retrace of dec 21 low with support there at 2/27,3/7,411-4-14.
The daily 200sma is also near 61. The daily 5/20 ema's have crossed the the bad. Also, daily stochs going down hard and RSI broke 50 on the daily. Volume was high on FRI's down day,
Momentum is about to cross the 0 line for the neg, there is a glaring bearish daily MACD divergence.
Daily DMI shows bears in full control.
Weekly stochs on MSFT crossing bad, double top from 12/01 weekly candle.
MACD is falling on the weekly, and the monthly MACD may never cross 0, but bounce off of 0 and
go down. Weekly, MSFT may make a double bottom near 44. Weekly DMI looks like bears are about
to take control.
Monthly RSI never crossed 50 and looks weak, monthly momo looks weak, and of course there is the bearish price/volume divergence on all time frames. The upleg here on the monthly looks like a failure and an end, and looks like it has to fall hard. 44 also
seems a good first target on a monthly chart. Monthly 5/20's ema's are looking to possibly cross for
the bad in a few weeks. Monthly RSI below 50 and stochs will probably never make it to top, but cross here
instead. |
