$Microsoft(MSFT)$  And Bearish

Bullish to RSI 73

Bearish once we reach 73

- MSFT is showing up trend on Daily, flat on 120 minutes and downtrend on 15 minutes. 

- Daily RSI has not crossed 71.3 since 09 Feb of this year. We are at 69 right now (look at the daily chart. 

- Last 3 days, we have been hitting 442-443 resistance and the volume has come down from 22m to 13m.

- If the daily RSI crosses 73 or if the trend reaches 451 to 454 then I will enter put option. Expecting Trend reversal once we reach the target RSI. 


Sorry I like the Technicals more than the fundamentals :)




Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment4

  • Top
  • Latest
  • Azerone.Kee
    ·06-17
    TOP
    besides of RSI, we need to see other indicators as well.
    Reply
    Report
    Fold Replies
    • groot_trades
      yes, my friend. The regression trend also ends at 448. Also the trend analysis across 1 day, 120 mins and 15 mins is highlighted

      I was suggesting historical rsi pattern

      06-18
      Reply
      Report
  • RSI analysis seems promising. Let's see if it hits the target RSI. [Smart]
    Reply
    Report
  • Nice analysis and attention to detail
    Reply
    Report