Monthly time frame:

  • So far MSFT has a failed breakout above the 2009 Top

MSFT MONTHLY CHART

 

  • If we zoom in we can see the “ugly” rejection on April and the potential Double Top pattern
  • The loss of the February low could result in a 18 % decline towards the August low

 

MSFT M 2

 

Weekly time frame:

  • In addition to the  Double Top MSFT could have carved out a Rising Wedge (Bearish pattern)

 

MSFT WEEKLY CHART

 

  • Weekly oscillators are pointing down: The RSI displays a huge negative divergence and it is now below the 50 line, while the MACD has a bearish signal cross in force

 

MSFT WEEKLY OSCILLATORS

 

Daily time frame:

  • Huge gap down (Due to the reaction of the last earning release)
  • Is the oversold bounce over ? Friday´s Shooting Star could have established the end of the bounce provided next week the 200 dma = 50.85 is breached and not reclaimed

MSFT DAILY CHART

 

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