As stated in one of our previous analysis, Microsoft has been bouncing from the support line into the bullish direction for some time, making a smaller bearish correction after the bounce and touching the support line before taking off again. The same is happening now. The bullish bounce that we were talking about in our previous analysis did happen. Now we are waiting for this bearish correction to touch the support line before taking a long position.
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Feel free to grab a copy of our Free Weekly Market Outlook here:
mailchi.mp/bc78576d6...eweeklymarketoutlook
For more content follow us on Instagram and Facebook:
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We wish you good luck with your trading!