MSFT closed up at 27.77. The intraday high was 27.92 with more than 100M shares changing hands.
It should attempt 28 pretty quick. The resistence is at 28.7 and support is at 26.8. I would not chase it at this moment. You may be able to wait for a pullback to go long around 27.
MSFT closed at 27.41 with heavy volume. It barely broke out the resistence, but the long candle looks less bullish. Obviously, a lot of people are selling into the pop and the buying demand could not hold up in the close. If tomorrow it has a follow up, it will be very bullish.
You can go long at the breakout or wait for the handle in a typical cup-and-handle case, but the pullback may not happen if it is very strong breakout.
MSFT closed at 27.41 with heavy volume. It barely broke out the resistence, but the long candle looks less bullish. Obviously, a lot of people are selling into the pop and the buying demand could not hold up in the close. If tomorrow it has a follow up, it will be very bullish.
You can go long at the breakout or wait for the handle in a typical cup-and-handle case, but the pullback may not happen if it is very strong breakout.
QQQ is once again sitting at the support level 34. it’s forming a triple bottom. Selling is gradually becomming over-sold condition. Seek long entry in this area and set stop loss below 34.
QQQ is once again sitting at the support level 34. it’s forming a triple bottom. Selling is gradually becomming over-sold condition. Seek long entry in this area and set stop loss below 34.