The Black Box

[bits]

MSFT - You asked for some TA on MSFT. Didn't find anything really conclusive. Here is what is noteworthy.

Monthly sitting on 100 SMA
Weekly just cut through the 50 SMA and well below 100 and 200.

Nice support line formed from July 02 on the weekly thru 25. July 02 was the lowest recent low and the line was tagged 3 other times. 24.5 ish is also the weekly BB. Weekly 200 is up at 30

No Fib lines that are meaningful.

The only conclusion I can draw is that it should find support at 25. It's a whole number, and on the weekly LBB as well as an established support line. Looks like there would be strong resistance at $30 as these are the two most recent highs and that is also where the 200 SMA weekly line is.

Might well be good for that $5 pop you predicted. Pretty sure I'll be in if it makes one more swoon in the next several days. Anything <25 will looks really good. Entering now doesn't look to bad either.