Microsoft (MSFT) on the Weekly timeframe is experiencing a strong bearish trend, currently traded around 387.76, following a sharp decline over the past weeks. The price has broken below key moving averages and is testing the lower band level as a support, indicating a potential continuation of the downtrend if sellers maintain pressure. A decisive breakdown below this level could accelerate losses, while a bounce might trigger a short-term recovery toward previous resistance zones.

MSFT traded below both the 50-week and 200-week moving averages, signaling persistent bearish sentiment. The Bollinger Bands indicate an expansion phase, with price breaking below the lower band, suggesting increased volatility and strong downside momentum. If price remains below the lower Bollinger Band, the bearish trend could extend further, targeting lower support levels.

The Bears Power (13) indicator at -26.72 confirms strong selling dominance, with no signs of reversal yet. Volume has remained stable despite the decline, implying steady bearish participation. For any bullish reversal, MSFT needs to reclaim key resistance levels and show positive momentum confirmation.

Market Observation & Strategy Advice:
1. Key support: 387.76 – A breakdown could lead to a deeper drop toward 375.00.
2. Key resistance: 425.08 – A move above this level could indicate a potential trend reversal.
3. Bearish momentum is dominant, with price breaking the lower Bollinger Band, signaling further downside risk.
4. Trading strategy:

• Short positions below 387.76, targeting 375.00 and lower.
• Long positions only if price reclaims 400.00, aiming for 425.08.

5. Bears Power remains negative, suggesting continued selling pressure unless price re-enters the Bollinger Band range.

Market Performance:
Stocks     Last Price.  % Change
AAPL          238.03         −1.58%
TSLA           284.65        −2.84%
NFLX           973.70         −0.70%

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EU: Unemployment Rate