MSFT trade

29 בנוב׳ 2012

Key support at 38.2 retracement at $28 was broken. While I do see further shorter term losses, I do think that MSFT provides a good long opportunity off of support (blue and orange lines) at either the $24 or $25.50 level. If orange support line is broken with a weekly close below, I would exit the long trade and reevaluate.