No questions asked. I don´t care why but MSFT as well as NVDA (as most prominent examples) are counter trending vs the over all tech market.
MSFT's chart is telling us the following story at the moment:
1. Breakout above the 10 EMA (M), which is a key threshold.
2. Breakout into 5 month highs.
3. Break of structure with a fresh higher high after the price failed to make new lows.
Caution:
1. The bar hasn't closed yet,
2. Price trading against a heavily congested area where the bears could step in.
3. No obvious trading set up yet. I Would need another breakout above the upcoming resistance to confirm the uptrend.
Manage risk! Manage risk! Manage risk!
Cheers,
Tenacious Tribe
MSFT's chart is telling us the following story at the moment:1. Breakout above the 10 EMA (M), which is a key threshold.
2. Breakout into 5 month highs.
3. Break of structure with a fresh higher high after the price failed to make new lows.
Caution:
1. The bar hasn't closed yet,
2. Price trading against a heavily congested area where the bears could step in.
3. No obvious trading set up yet. I Would need another breakout above the upcoming resistance to confirm the uptrend.
Manage risk! Manage risk! Manage risk!
Cheers,
Tenacious Tribe
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