Microsoft Challenges Fib 3.618 level
Microsoft -
MSFT
Expectations were beat across the board today but what does the long term monthly chart tell us? All is revealed in the chart. This is a key moment for
MSFT
and a pull back or break through to established new highs wouldn't surprise. I'm happy to wait for the confirmations outlined in the chart. That MACD cross though looks appealing.
Earnings Summary
- Profits jumped 20% to 20.1 b
- EPS: $2.69 / Exp $2.56
- Revenue: $56.19B / Exp $55.49B
- Azure (cloud) revenue up 26% / Exp 27%
MSFT
Expectations were beat across the board today but what does the long term monthly chart tell us? All is revealed in the chart. This is a key moment for
MSFT
and a pull back or break through to established new highs wouldn't surprise. I'm happy to wait for the confirmations outlined in the chart. That MACD cross though looks appealing. Earnings Summary
- Profits jumped 20% to 20.1 b
- EPS: $2.69 / Exp $2.56
- Revenue: $56.19B / Exp $55.49B
- Azure (cloud) revenue up 26% / Exp 27%
Falling Start Candle
Appears the 3.618 fib level is significant resistance