MSFT; bullish hope in the face of bearishness
The price action of late whispers of hope for MSFT.
April, May and June set MSFT up for a fall….but price action of late shows a pattern that offers bullish hope. That hope will be solidified if a gap up (preferablly on volume) is delivered soon.
If a gap isn’t delivered and price merely meanders up to resistances then I would be less enthusiastic. Money flow isn’t supportive for bulls at this time. I am neutral at this time, but the pattern is an interesting one and worth watching unfold.
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