AI
MSFT 28.78 was a strong resistance, very good. Also it was 50ma R. It looks positive and retesting 28.10 +/- intra breakout is a good sign before it trades above today's high. With successful price actions, it is forming Inverse H&S.
When it broke above 28, momentum traders were all over this stocks.
Interesting that chips are down, but citi upgraded MSFT VISTA.
INTC/AMD are cheap. We need to see more use of intelligent, programmable, energy efficient, practical CHIPS to apply to many of our daily lives.
As for markets, we need to see healthy consolidation during the next few trading days.
How are you, ALL? JT?
When it broke above 28, momentum traders were all over this stocks.
Interesting that chips are down, but citi upgraded MSFT VISTA.
INTC/AMD are cheap. We need to see more use of intelligent, programmable, energy efficient, practical CHIPS to apply to many of our daily lives.
As for markets, we need to see healthy consolidation during the next few trading days.
How are you, ALL? JT?
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