One signal to buy Microsoft has been received, others are being waited

28 September 2022 64
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Microsoft’s shares have dropped to lows that haven’t been seen since spring of 2021. Timid attempts to stop continuing decline have so far come to nothing. Monday's green candle is completely blocked by Tuesday's decline. Thus, a "bearish engulfing" has formed.

 

The Stochastic oscillator is already signaling to buy. The buyers’ activity may return, but at slightly lower levels, which are in the 225-230 range. These levels in 2020 became a strong resistance for Microsoft shares, and in the spring of 2021 they were good support.

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