MSFT = opening the flux Gates

[sloan]

msft7-19.jpg (115.88 KiB) Viewed 13811 times

Price did hover all last week in the 280-282 range and kept closing there or below, time was a little late, and now a nice drop today for entry trigger. Entry 279.4, manual out if breaks previous high; first target 272, second 262.5 and ride the rest should it continue.

[sloan]

Fail.
Momentum is decidedly divergent now so another reentry tried upon 7/27 bar break of previous low at 286.

msftfail.jpg (103.56 KiB) Viewed 13766 times

[sloan]

msft81.jpg (117.6 KiB) Viewed 13732 times

Finally threatening to break the channel, still holding short from 286 and change.
Ye olde island reversal from the old encylopedias in play. Momentum divergence. Giving it one more chance for good follow through.