Microsoft (MSFT) Chart Analysis

Monthly charts lots of resistance at the $28 to $29.00 area with 1) UBB 2) 89 sma 3) 786 fib level. This is where the market turned and headed back down. Currently trading below the 34ema and below prior s/r. Support is now at the 21.40 range.




Current LIS (line in the sand) is $23.80 range.








Daily chart shows big kicker type signal to the downside with a huge gap a few weeks ago. now ew have a blue ice failure and gaps, showing increasing momentum to the downside. Downside tgts now include test of the prior low at $21.46 and then possibly lower to test the $18.00 level low.