Ok, MSFT finally closed the gap, as we expected it would, but now it has some problems, and we must be aware of them. First, we have a divergence on the RSI, indicating some exhaustion. Second, it lost the 257, and although it did a brief recover to the 20ma, it couldn’t keep above the black line.
In our last analysis, I was saying that the gap were at a 261, but in the daily chart it was already closed, and now MFST is indicating more exhaustion.
It can’t break the 260, and it is doing a correction now. I think that now it is time to start selling instead of buying. By hitting the 253 again, I think it’ll give another chance to buy, but I’ll change my bullish bias to a neutral bias.
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See you soon,
Melissa.
In our last analysis, I was saying that the gap were at a 261, but in the daily chart it was already closed, and now MFST is indicating more exhaustion.
It can’t break the 260, and it is doing a correction now. I think that now it is time to start selling instead of buying. By hitting the 253 again, I think it’ll give another chance to buy, but I’ll change my bullish bias to a neutral bias.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
