Wednesday, February 17, 2016

Annual Trading Forecast on Microsoft (2016)

Microsoft stock (NASDAQ:MSFT) managed to go upwards from September 2015 to January 2016. From February 2016, the price has been corrected lower, which was contained at the lower Trendline in the chart.

Right now, there is no “buy” signal in the market, but it is much more likely that a “buy” signal would soon form: as soon as the price goes above the upper Trendline and the RSI period 20 goes above the level 50. Then the price would move further upwards.

In case the price goes below the lower Trendline and the RSI period 20 goes below the level 50, the bulls would be forced to cover their positions as the price goes further south.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

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