Microsoft Corporation (NASDAQ:MSFT)
Microsoft Corporation (NASDAQ:MSFT)
Technical Features:
A: Uptrend.
B: Support at $24.
C: Resistance at $28.
D: Resistance at $32.
Technical Analysis:
Since the break of the uptrend (A) in 2010, MSFT has been bouncing between support (B) at $24 and resistance (C) at $28. If MSFT breaks resistance (C) at $28, expect a move to resistance (D) at $32. If MSFT breaks support (B), sell with an expectation of a move to the 2009 lows around $16.
Summary: Hold.
