MSFT Tech Chart Buy?

oval · Mon, 09-19-2005, 11:25 PM

I'm brand new to trading. I'm trying to teach myself how to read charts and use Oscillators. From what i've read about RSI and CCI this stock (MSFT) is looking like a buy, Possibly after 1 more trading day. I am just wondering if I am on the right track or no? RSI is nearing 30, CCI Moving toward -100 (but not quite near). The stock price has been going down for a couple weeks. It went below 50 day Moving Average and is almost down to 200 day Moving Average today. I am just looking for other peoples input on my judgement. Trying to learn here! Thanks in advance.

Tue, 09-20-2005, 05:44 AM

yes you are right, the cci is nearing the bottom and rsi getting near 30. But remember we need some type of bullish move to reverse it. A bullish white candle, a doji candle. Maybe a bounce off the 200 MA line price. If we fall below that 200 MA line, then we could be dipping even more! So wait for it

Good job!

Mon, 09-19-2005, 11:25 PM	#1 (permalink)
oval Join Date: Sep 2005 Location: Rocklin, California Posts: 9	MSFT Tech Chart Buy? I'm brand new to trading. I'm trying to teach myself how to read charts and use Oscillators. From what i've read about RSI and CCI this stock (MSFT) is looking like a buy, Possibly after 1 more trading day. I am just wondering if I am on the right track or no? RSI is nearing 30, CCI Moving toward -100 (but not quite near). The stock price has been going down for a couple weeks. It went below 50 day Moving Average and is almost down to 200 day Moving Average today. I am just looking for other peoples input on my judgement. Trying to learn here! Thanks in advance.

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Tue, 09-20-2005, 05:44 AM	#2 (permalink)
Stock_Analyzer Posts: n/a	yes you are right, the cci is nearing the bottom and rsi getting near 30. But remember we need some type of bullish move to reverse it. A bullish white candle, a doji candle. Maybe a bounce off the 200 MA line price. If we fall below that 200 MA line, then we could be dipping even more! So wait for it Good job!