Microsoft looks like it’s trying to gap high enough to take out the losses on Friday. We’ll see if that actually holds. The 50-day EMA sits just above and could cause a little bit of chaos for the buyers. It is an indicator that a lot of technical analysts and technical traders like.
That being said, we’ve got an earnings call on Wednesday, and that will have a major influence on what happens next. This is a pretty big earnings week for a lot of tech companies, so I expect a lot of choppiness later in the week. Between now and then, things will probably be more of what we’ve seen recently.
ORCL Technical Analysis
