MICROSOFT Buy with a plan B
Microsoft / MSFT found support at 309.50, more or less where the August 18th low was priced, and put the Channel Down pattern on hold.
It is quite possible for a Rectangle to emerge as a hold of Support A (309.50) would potentially mean a test of Resistance A (341.10).
The 4hour MACD forming a Bullish Cross, certainly leads towards that direction.
As long as Support A holds, buy and target 340. If it fails and breaks, sell and buy on the 1day MA200 (target 320.00).
Previous chart:
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It is quite possible for a Rectangle to emerge as a hold of Support A (309.50) would potentially mean a test of Resistance A (341.10).
The 4hour MACD forming a Bullish Cross, certainly leads towards that direction.
As long as Support A holds, buy and target 340. If it fails and breaks, sell and buy on the 1day MA200 (target 320.00).
Previous chart:
Follow us, like the idea and leave a comment below!!
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