Microsoft Corporation, Daily Chart Analysis 10/14
Technical Analysis and Outlook
Bulls bounced off the Mean Support $104.40 with crescendo signaling that higher interim prices are possible by targeting Mean Resistance $112.30 (Stage For the Bulls). Once the tech stock extends by ascending higher and closure over Mean Resistance $112.30 would validate a short-term bullishness towards Key Resistance $115.60.
Bears can keep an eye on the freshly created Mean Support $105.90 (Stage For the Bears) confirmed on Oct 12 as well as awaiting Mean Support $101.20 and 'VERY MAJOR' Key Support $97.50.
Bulls bounced off the Mean Support $104.40 with crescendo signaling that higher interim prices are possible by targeting Mean Resistance $112.30 (Stage For the Bulls). Once the tech stock extends by ascending higher and closure over Mean Resistance $112.30 would validate a short-term bullishness towards Key Resistance $115.60.
Bears can keep an eye on the freshly created Mean Support $105.90 (Stage For the Bears) confirmed on Oct 12 as well as awaiting Mean Support $101.20 and 'VERY MAJOR' Key Support $97.50.