Microsoft Shares (MSFT) Stages Strongest Rally Since 11 Jan!
MSFT $29.35, +1.80
MSFT rallies after my report on its "Selling Climax" 2 days ago! In fact, it staged the greatest single day rally since 11 Jan 2007 despite being involved in yet another patent war. This time against AT&T for use of their digital speech coder in Windows overseas.
Despite all that, the technicals look simply beautiful! Short term MACD continues to climb in upside momentum and short term stochastics continued up following a "kink". A "Kink" in short term stochastics always mean more upside to come. Volume is also on the rise, supporting the rally. 5MA also crossed 10MA for the first time since this correction begun. All technical indications are shouting "Hooray!" and it will not be surprising to see swing traders begin to accumulate at this point. My sentiment remains Bullish.
MSFT Technical Chart By Worden Brothers TC2007 Charting Software
Voted Best Software By Readers Of Stocks & Commodity Magazine Since 1993!
MSFT rallies after my report on its "Selling Climax" 2 days ago! In fact, it staged the greatest single day rally since 11 Jan 2007 despite being involved in yet another patent war. This time against AT&T for use of their digital speech coder in Windows overseas.
Despite all that, the technicals look simply beautiful! Short term MACD continues to climb in upside momentum and short term stochastics continued up following a "kink". A "Kink" in short term stochastics always mean more upside to come. Volume is also on the rise, supporting the rally. 5MA also crossed 10MA for the first time since this correction begun. All technical indications are shouting "Hooray!" and it will not be surprising to see swing traders begin to accumulate at this point. My sentiment remains Bullish.
MSFT Technical Chart By Worden Brothers TC2007 Charting Software
Voted Best Software By Readers Of Stocks & Commodity Magazine Since 1993!
Labels: microsoft, MSFT, msn, msn window, vista, window, window vista, windows, windows vista
posted by Jason Ng at 7:16 PM
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