July 30, 2024

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

All Eyes On Microsoft

Please click here for a chart of Microsoft stock (MSFT).

Note the following:

• The Morning Capsule is about the big picture, not an individual stock.  The chart of MSFT stock is being used to illustrate the point.
• The chart shows that MSFT stock has given up all of its gains since the breakout.
• The chart shows that MSFT is now back to the top band of the support zone.
• RSI on the chart shows that MSFT stock is now technically oversold and can easily bounce if earnings are better than expected.