MSFT, SE, SP, FMCI, TSM, WM

WM

  • Resistance around $110 - $112. Watch the 100 MA to act as resistance, this aligns with top bollinger band
  • Holding above all moving averages, with 50 EMA curling up 
  • Watching for a breakout to the upside or downside from here


TSM

  • RSI in overbought territory, however, in this case it shows incredible strength as it remains elevated
  • Strong volume on Friday
  • MACD looks strong as well
  • Hourly chart watch 50 EMA to act as support



SP

  • In the short term, price action will need to find some support here as all longer term moving averages are above the shorter ones
  • Ultimate support on the monthly chart around $13.50
  • Good support on the daily around $16.89


FMCI

  • Needs to break out of this downward trend wedge
  • Moving averages look weak as they trend down


SE

  • Holding support on the longer term moving average, take note the 50 EMA crossed below 100 EMA indicating short term weakness
  • Head and shoulders pattern forming at the top, $100 support needs to hold


MSFT

  • Watching the bottom channel to act as resistance now, which would be $207 +
  • Price holding well along the hourly moving averages



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