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The end of Microsoft Corporation (MSFT) ?
Microsoft Corporation (MSFT) chart analysis ;
1) Clear double top ("big picture")
2) Clear main trend broken (note that the last top was slighly higher than the previous one, that is why my trend line goes from the lowest low to the low prior to the higher high.
3) Fake move was quite clear, followed by a price/volume/news action
4) Ex support is now our key resistance channel
5) Possible oversold condition could bring in value players
Gut feeling ; The end of Microsoft ? Well, at least not yet ..... but this crisis will/could cause some serious damage to well known Tech names ......
The clear winner ? Apple Inc (AAPL) !
If Microsoft gets back over $28 in the next 2 weeks, I'll change my mind
Posted by Moise Levi at 9:15 AM
http://gicharts.blogspot.com/2010/05/end-of-microsoft-corporation-msft.html
Microsoft Corporation (MSFT) chart analysis ;
1) Clear double top ("big picture")
2) Clear main trend broken (note that the last top was slighly higher than the previous one, that is why my trend line goes from the lowest low to the low prior to the higher high.
3) Fake move was quite clear, followed by a price/volume/news action
4) Ex support is now our key resistance channel
5) Possible oversold condition could bring in value players
Gut feeling ; The end of Microsoft ? Well, at least not yet ..... but this crisis will/could cause some serious damage to well known Tech names ......
The clear winner ? Apple Inc (AAPL) !
If Microsoft gets back over $28 in the next 2 weeks, I'll change my mind
Posted by Moise Levi at 9:15 AM
http://gicharts.blogspot.com/2010/05/end-of-microsoft-corporation-msft.html
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