Microsoft Corporation Technical Analysis

Today we'll analyze the Stock MSFT for online market trading,
Technical indicators to notice:
1- Last bearish trend was from 35.98$ (12/28/07) to 27.20$ (02/29/08) a 8.78$ move
2- The current bullish trend started from 27.20$ at 02/29/08 and is currently trading at 28.62$.

3- The stock current support level is at 27.20 which is the 0.00% fibonacci retracement of the last 8.78$ move.
4- The stock current resistance level is at 29.27 which is the 23.60% fibonacci retracement of the last 8.78$ move.
5- The Stock was resisted by a resistance line, identified by two points: 35.98 and 36.79, and is currently resisting at 34.8662.
6- According to ADX, the trend is currently strong bearish, which is getting stronger.

Conclusion:
MSFT is currently trading a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .

Resistance Levels: 29.27, 30.55, 31.59, 32.63, 34.87, 35.98, 38.37, 41.41.
Support Levels: 28.28, 28.08, 27.91, 27.74, 27.20, 27.20, 23.73, 23.16.

Microsoft (MSFT) Stock Technical Analysis

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.