February 3, 2012

  • MSFT Monthly chart with triangle breakout and Resistance level.
  • Current up move will hit 30.50 - 31.50 Zone which will act as resistance.
  • This zone has acted as resistance many times in the past.
  • Bearish weekly candles at this zone may lead to a reversal. Week candles should trade above this zone on closing basis for a bigger up move to happen.


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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore