29 October 2016
November 2016 is an important month to watch. Many of the price action are parked at an important level. Waiting, yes waiting is the right words.
Let’s keep a few important counter check at this few days. We may learn some great lesson here, and another Gartley may be born soon; some new pattern might be found. True or true? Will see.
MSFT | Microsoft Corporation Weekly
The stock is on a uptrend, the price slopping from bottom left to top right. Wave is a great visual tool. We can see the price action got support by the Wave a number of time.
On the chart we also found an important level where the price respected.
The week close with a long tail Doji candlestick. The shooting start doji, signal a bearish trade. True or true? Will see.
October 28, 2016 Microsoft Corporation MSFT Weekly Chart
MSFT | Microsoft Corporation Weekly and MACD
We see price fly above moving averages after it crosses it. The price has a pullback. The price retest the low and fail. The trend continues, to north.
October 28, 2016 Microsoft Corporation Weekly and MACD
MSFT | Microsoft Corporation Daily
Just for reference, the daily chart.
October 28, 2016 Microsoft Corporation Daily
Moses US Stock Desk
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