analyzing microsoft (MSFT) shows that the stock is at interesting junction
:
1- resistance (resist1 line) that resisted at the beginning of 2007 and mid of 2007 was broken at Oct 07, however the stock is on the way to revisit at 31.04$.
2- fibonacci retracement of the last bullish move toward 36.84$ at 62% is at 31.52$.
3- the stock is at the lower bollinger band, which means the volatility is very high.
combining these three vectors, we suggest building volatile strategies on intel stock (buying puts + calls), or waiting for a breakup or support of 31.04, to re-enter at the new direction. shorting below 30.9 and longing above 31.52.
We Moved!!
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Friday, February 1, 2008
Microsoft (MSFT) Stock Technical Analysis
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Shadi
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