LesleyNewman
06-12

$Microsoft(MSFT)$ the mild Intermediate Cycle Low (ICL) on April 25th has eased the parameters for a potential failed daily cycle for MSFT, suggesting some underlying strength. However, the negative divergence on the RSIMOD (14) indicates weakening momentum, likely due to FOMO buying. The flat inclining trend line further suggests that MSFT may not have strong upward momentum in the near term. Therefore, while the stock may avoid a significant downturn, it is likely headed towards a Daily Cycle Low (DCL), where a minor decline or consolidation could occur. Investors should remain cautious and watch for signs of the DCL formation before making any significant trading decisions. The daily inclining trend line is quite flat.

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