June 27, 2014
Microsoft recently reached the buy target 42.00 that was set in our earlier technical analysis report for this company. The price has been moving sideways near this resistance level in the last few trading sessions– increasing the probability of the downward correction.
This downward correction can extend toward the support zone lying at the intersection of the support level 40.50, the support trendline of the daily up channel from January as well as 38.2% Fibonacci Correction of the previous upward impulse from the end of minor wave 2.
The post HY MARKETS News: Stocks Report: Microsoft Corp appeared first on | HY Markets Official blog.
