Microsoft potentiality starting a downtrend?

7 בינו׳ 2019

Microsoft has been in a range for a few weeks. Then a breakout to the down and a retest of the break.
If it doesn't break the $102 area it can fall back to $94 and if it breaks down that level I believe a downtrend is confirmed.

Also notice the RSI(14) spend a lot of time in the BEAR ZONE.

8 בינו׳ 2019

הערה

Also a possible 0.38 fib retracement on the weekly chart:

8 בינו׳ 2019

הערה

Or 50% retrace if you take it from the most recent high:

8 בינו׳ 2019

הערה

With the above said, those weekly hammers are questionable...

9 בינו׳ 2019

הערה

After a doji on the daily (indecision), today the price rallied above and seems to have broken through.