$MSFT - Reversal at the Bollinger Band

SmartReversals
10-31

$Microsoft(MSFT)$ - Reversal at the Bollinger Band:

Even before ER, price came back to earth when the bearish candle moved to the Bollinger zone, and further continuation will occur tomorrow.

The yellow area and blue arrow highlight the most likely gap, breaching the 20 moving average. This stock usually fills gaps😉, but waiting for candle formation and oscillators by the close tomorrow is prudent.

The decline is not technically surprising for $Meta Platforms, Inc.(META)$ , but for MSFT a potential bullish reversal is being invalidated.

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Earnings Season: Which Companies Are You Following?
AI bolsters Microsoft's Q3 Azure revenue, which increased by over 30%, but a slowdown in growth is expected for Q4 along with increased AI spending. Meta's revenue slightly exceeded expectations, but AI losses worsened, with warnings of substantial future increases, and a significant rise in capital expenditures is anticipated next year. -------------- How do you view the two giants' earnings? Will you buy the dip as Microsoft dips to $400?
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