Microsoft Trading Analysis (22/08/2024)
The trend is descending. The stock is trading in the range between 365 and 135 EMA. The upward truncated wave structure has finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trading idea:
- Sell at the breach of 421.43.
- Stop-loss at 426.50.
- Price targets at 415.00 and 398.00.
#microsoft #stock #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor
