MSFT: 6.49% of SPX
below Ichy cloud on daily (not shown)
below sharply declining 50 day EMA
Declining accum/distr trend (under distribution)
declining RSI(9) on daily.
attempted a bottom above the 50% fib on daily
currently at the top edge of a pennant flag channel, after a failed breakout attempt from the channel.
a key question to ask: is this pennant flag a bull flag or the beginnings of a trend reversal?
My take: although the 12 week RSI is positive at 54, there is a lot of overhead at the 335 area. I personally would not touch this long until the flag breakout occurs and the momentum and accumulation metrics change for the positive.
below Ichy cloud on daily (not shown)
below sharply declining 50 day EMA
Declining accum/distr trend (under distribution)
declining RSI(9) on daily.
attempted a bottom above the 50% fib on daily
currently at the top edge of a pennant flag channel, after a failed breakout attempt from the channel.
a key question to ask: is this pennant flag a bull flag or the beginnings of a trend reversal?
My take: although the 12 week RSI is positive at 54, there is a lot of overhead at the 335 area. I personally would not touch this long until the flag breakout occurs and the momentum and accumulation metrics change for the positive.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。