Microsoft Does it Again: Heads Up for the 3rd Straight Day

The Hourly View for Microsoft

  • Currently, MSFT’s price is up $0.26 (0.1%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move down.
  • Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Microsoft. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Microsoft’s hourly price chart is shown below.

MSFT

The Daily View for Microsoft

  • Currently, MSFT’s price is up $1.43 (0.56%) from the day prior.
  • This is the 3rd day in a row Microsoft has seen its price head up.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on Microsoft. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Below is a daily price chart of Microsoft.

MSFT

Featured Microsoft Idea From TradingView

Below is a trading comment entitled $MSFT Support Bounce or Shoulder Building 6/8 (UPDATE) you may find interesting:

Video update on $MSFT Great push today, going over potential targets going into tomorrow here. Also I forgot to mention. MSFT has what looks to be a rough ascending wedge. If this doesn’t break tomorrow I will exit the trade in profits. and look to reenter. We are setup to fake out if the markets don’t play out in our favor

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