Microsoft Chart Analysis

Looking further into the MSFT chart, here’s some analysis.

There’s two resistance (trend) lines. The blue one is the first. The brown is the second. The brown one would seem to be the more prominent one for the moment. The CMF shows that the buying pressure is letting up. This doesn’t mean a buy signal by itself. However, it would show that heavy selloff is behind us.

 

MSFT - Oct. 29th.
MSFT - Oct. 29th.

 

The RSI is still sort of high but bent downwards at the close. The MACD is touching the trigger line but hasn’t crossed it yet. If tomorrow in general is a green day, it should help.

We will see.