MSFT: Technical Weakness Ahead of Earnings
MSFT reports next week but is having some selling pressure ahead of its report. The two very small-bodied indecision candlesticks with wicks and tails, and now followed by a larger down day, indicate weakness for potentially more downside. However, because weak to moderate support levels are not far off, selling short is not a good idea for swing traders. 
Martha Stokes, CMT
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Learn how to use the technical patterns of each market participant for better trade planning.
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