Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Monday, December 28, 2015

MSFT Lofty but Continues Creeping Higher

MSFT has been a little boring the past couple of months as it creeps along in its midterm red line channel after having its big bull flag breakout higher a couple of months ago.  Having MSFT back up in that red channel seems to be fine with most traders but as it has slowly climbed across the upper line of its long term blue channel it is being watched more closely by the bears in case its tight march has a misstep which would essentially be losing its long term blue and midterm red channels at the same time.  

Click on image to enlarge

As tightly structured as the trading in MSFT has been recently, the odds favor it continuing creeping up as long as the broad market holds.

Trade well my friends


Blog Archive