Hi :)
1. Do keep in mind these are weekly candlestick chart(s).
2. Blue line: 50 moving avg (popular line, imo); Green line: 20 moving avg.
MSFT:
This is a very interesting chart and also challenging to choose the appropriate words for analysis.
2 big reds - the last one is significantly smaller than the second last -> so a bounce may not be expected yet. Also, noted there is negligible gap between them.
It bounced away (well) from the 50 MA above, right after a green candle pop; probably to take out some stop losses and the way candles were formed (priorly) it seems that price is paved to go down further more. Keeping the first point in mind above, the way this pans out, to me, it seems like the chart itself 'ain't sure' what's next - probably waiting or already 'ready' for something huge eg news/announcement pertaining to company in session or something else near yet to reveal. I'm just going to focus on the chart.
Verdict:
Seeing price is now quite close to horizontal support at the near bottom, 60% chance it'll go further down, significantly. And depending on what's next for the macro/micro factors, it could bounce or go even lower. Super small position if one is taking a quick healthy trade, for min 1.5 week period, with a stop loss of course, above just above the last red bar. Profit (IF) take asap of coz, don't wait.
Just refrain if the general market is obviously boyuant/very optimistic (wait 1.5 hour, esp if a gradual upslope is observed, must avoid) and is easily link to the fact of some holistic and positive news surrounding the USA (within and externally). Could be fun - do your own due diligence, please.
