The Microsoft (MSFT) weekly chart shows the following signs:
The Price of MSFT consolidates around the $40 the last month. The MACD is on bearish sign and the RSI on bullish. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the consoidations but has a divergence in MACD. If the stock break the support line has a support level at $38 on Kijun-sen. Otherwise on bullish move, over the Tenkan-Sen the 1,618 projection of fibonacci is at $43,15
The Price of MSFT consolidates around the $40 the last month. The MACD is on bearish sign and the RSI on bullish. The Stock is over the EMA200, the KUMO Cloud and the Tenkan-sen is over the Kijun-sen.
I expect that the stock will continue the consoidations but has a divergence in MACD. If the stock break the support line has a support level at $38 on Kijun-sen. Otherwise on bullish move, over the Tenkan-Sen the 1,618 projection of fibonacci is at $43,15
