2 Following Tables -
For week ended 26 June 2026 only (Highest & lowest in red)
Top News from the last 7 days:
1. Global AI and Tech Sector steep sell-off
2. Escalation in Strait of Hormuz between US and Iran
3. US ban on import of certain electronic equipment from Chinese manufacturers, raising tensions in ongoing trade disputes between the 2 nations.
Bonus:
US Personal Consumption Expenditure (PCE) report showed inflation hitting its highest level in roughly 3 years, mainly driven by 6.5% monthly surge in energy costs linked to recent Middle East conflict.
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:
Chart Analysis:
In my last post on MSFT (14 June), "verdict" is 60% chance it'll decline and it did; tho I recall market might have been bouyant in the first couple of hours and to refrain if so. Nevertheless, it did decline and I'm happy to see some developments for the stock to be worth mentioning again.
Firstly, to note that candles (see chart above) hit the ceiling of the blue 50 MA, dropped rapidly and reached the bottom of the last bounce. The last candle looks somewhat borderline bullish imo, and it actually 'took out' the last bottom (as if to take out some stop losses (SL) placed by traders). However, there is another slightly lower "bottom" seen at the left side of the chart, which is important to keep in mind.
Verdict:
It'll likely do a slight short bounce, regardless whether or not it'll continue upwards or back down, given the highly consistent string of red candles. I did take a look at the daily candles for some additional sensing, even though the weekly candles already contain ample clues (kinda bullish pin + takeout SL pattern). Overall candles look neat too.
So - small trade for a quick bounce profit and take it and run, thinking of the left side lower bottom that it may be itching to reach. For long term investing, it is a good time to add some shares, given it hit the 200 MA (line not in chart). If the circumstances are not favorable, it might go sideways for awhile or continue the downtrend, despite hitting the famous 200MA. Do note 200 MAs are "super strong" in weekly charts (for certain huge, prominent & successful stocks), so I'll give it a 55-65% chance that it'll go back up in whatever fashion.
Have a good week ahead :)
