$MSFT - Reversal at the Bollinger Band
$Microsoft(MSFT)$ - 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.
Image
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.
