Microsoft price remains upbeat amid turbulence
By
Azeez Mustapha
PUBLISHED:
Apr 24 2020 @ 06:28
|
Comments (0)
|
More info about Azeez Mustapha
Microsoft shares (NASDAQ:MSFT) has been able to hold out to the bullish signal on it, against the current turbulence the market is facing, from November 2019 to February 2020, price rose upwards sharply, reaching the supply level at 190.00.
Then the market fell to as low as the demand level of 130.00 before rallying again. The rally has been in place since then: price has been able to stay above the EMA 21. Likewise, the Williams’ % Range period 20 has recently fallen from the overbought territory. The fall was not much and the indicator has halted its fall as it prepares to go upwards again.
Once the Williams’ % Range reaches the overbought region, there would be a confirmed bullish bias on the market. MSFT is supposed to go upwards from here, reaching the supply levels at 180.00, 190.00 and eventually 200.00 this year. This target might even be exceeded.
Trading realities: Trading realities
CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).
This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.
Hot Features
Premium
Level up your trading with our powerful tools and real-time insights all in one place.
