MICROSOFT: Bearish breakout under the 1D MA50.

MSFT has turned neutral on its 1D technical outlook (RSI = 46.496, MACD = 1.200, ADX = 24.141) as the price reached the 1D MA50 for the first time since late October on a sideways price action. Since the 1 year pattern is a Channel Up, we expect its bottom to get tested (TP = 345.00) if the 1D MA50 is crossed. Consider it a bearish breakout signal.

See how our prior idea has worked:


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##