GOOG & MSFT Technical Analysis Video
This week we will be be looking at two big software giants, GOOG and MSFT, as earnings is coming out for microsoft.
Looking at Google here on the daily time frame it is price is retesting the highs at $976.00 up to $988. This is a decision point that buys and bears have to figure out. Price should be able to come down to $956 demand zone and then back up to the highs again. As this supply zone could flip-flop in this area. Overall, the Trend is up on this market and we could see new highs after a period of consolidation. However if price breaks $948 to the downside, then we could easily move down to $912-$896 weekly demand zone.
On Microsoft this week, price is breaking into new highs. For now, we will see how high price can go. I believe that price will move up to $80 overall, however it maybe a slow crawl. The only thing that we can really do right now is measure where price could pullback when it does push back down. I believe that price will pull down to $69 right now. We also have to watch at for the flip-flop of the previous high at $73. Price is in an uptrend and we will see when price will pull back after these all time highs. On a non technical analysis note, Earning has helped to push and continue the trend to the upside.
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