Annual Trading Forecast on Microsoft (2016)

Share On Facebook

Microsoft stock (NASDAQ:MSFT) managed to go upwards from September 2015 to January 2016. From February 2016, the price has been corrected lower, which was contained at the lower Trendline in the chart.

Right now, there is no “buy” signal in the market, but it is much more likely that a “buy” signal would soon form: as soon as the price goes above the upper Trendline and the RSI period 20 goes above the level 50. Then the price would move further upwards.

In case the price goes below the lower Trendline and the RSI period 20 goes below the level 50, the bulls would be forced to cover their positions as the price goes further south.

What Super Traders Don’t Want You To Know: Super Traders

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20191122 20:32:32