empty
08.08.2023 07:14 PM
Technical analysis on MSFT stock price for August 8th, 2023.

This image is no longer relevant

Red lines- bullish channel (broken)

Green lines- bullish channel

Blue lines- Fibonacci retracement levels

MSFT stock price is in a short-term bearish trend. After the major high around $366, MSFT stock price started a short-term bearish trend that pushed price out and below the red channel. The move from the $247 low is most probably over and price is now making a correction for this upward wave. MSFT stock price is approaching important Fibonacci support. The 38% Fibonacci retracement is found at $320 where we also find the lower channel boundary of the bigger green channel. This is important support that bulls do not want to see broken. MSFT is approaching important support area and possible reversal area.

Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
انسٹافاریکس کے ساتھ کرپٹو کرنسی کی معاملاتی تبدیلیوں سے کمائیں۔
میٹا ٹریڈر 4 ڈاؤن لوڈ کریں اور اپنی پہلی ٹریڈ کھولیں۔
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    مقابلہ میں شامل ہوں

تجویز کردہ مضامین

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.