Microsoft Approaches Support

By | January 28, 2015

Microsoft (MSFT) shares are down over 10% after reporting earnings, trading below their 200 day moving average for the first time since March 2013, and approaching last year’s August and October lows. I’m not sure about the long term outlook for the company, but I will be looking for a reversal candle or pattern at or near the support line and a tradable short-term reversion back towards the average.

29. MSFT chart

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