Decentralized Microsoft stock trading. Here is the technical analysis of the Microsoft (MSFT) stock that you can now trade in a decentralized manner.
Decentralized Microsoft stock trading, is it possible?
Yes, absolutely, without KYC, without registration, but the best thing before starting is to always stay informed about what the price is doing and what it could do in the future.
Decentralized Microsoft stock trading
MSFT, Technical analysis:
Microsoft ( MSFT ), my opinion:
My pivot point is located in the $ 240 area, as long as we are below $ 240, the market remains bearish. On the other hand, if this price area can become a solid support, it can be the beginning of a return to the upside.
My preference: bearish below $ 240 as the 20 moving average clearly needs to go above the 50 and stay there to see a medium-term rise.
As for the next areas of resistance, they are located in the area between $ 250 and $ 260 and then in the area $ 277 – $ 293 .
The next important support is in the $ 230 area.
Comment: we are on a pivot price, it could well determine a new rise or the continuation of the fall.
On breaking 232, Microsoft could go to 226.6 and 200.
A short-term rebound is possible with 275 as a target.
The RSI is above its neutrality zone of 50. The MACD is above its signal line and negative. The MACD must cross the zero line to validate a continuation of the rise. In addition, prices are above their 20 and 50 moving averages (located at 233.875 and 238.9758 respectively).
Microsoft share price is 241.97 while MSFT 8-day simple moving average is 234.53, which is a Buy signal.
The stock price of MSFT is 241.97 while Microsoft 20-day SMA is 233.88, which makes it a Buy.
Microsoft 50-day simple moving average is 238.98 while MSFT share price is 241.97, making it a Buy technically.
MSFT stock price is 241.97 and Microsoft 200-day simple moving average is 268.60, creating a Sell signal.
Microsoft, buying or selling right now?
We may have reached a low, a rebound is possible, but it is too early to take a position with any certainty, the bearish pressure is still very present. It is therefore only possible to scalp, take positions based on intraday trends, enter and exit quickly.
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