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stock Breakout for day trading

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Stock : MSFT |   Stock Recommendations : Buy
Sector : Software |   First Resistance : 22.53
Stock Name : Microsoft Co |   Second Resistance : 23.50
Buy Near : 21.31 |   Third Resistance : 26.67
StopLoss : 20.91 |   First Support : 20.91
Posted date : 6/5/2009 1:32:46 AM |   Second Support : 19.54


Technical stock research Yesterday Microsoft (MSFT) given a breakout of reverse head and shoulder pattern beside that ADX also indicating up word move for Microsoft (MSFT), rate of change (ROC) got upward momentum with increasing relative price index (RSI).

   Stock investing with chart pattern Head and solder is a best chaise and as per technical view Microsoft (MSFT) in a short term up trend. You can use Microsoft for day trading also.

As per head and shoulder theory for Microsoft our up side target is $26.67. So built position with target $26.67 and consider base line as a stop loss ($20.91)




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