The SaaSpocalypse sell-off has shaken out weak hands. Here's what the data actually says.
Microsoft isn't going anywhere. Here's why the foundation is rock solid:
Sentiment is officially Heating Up, jumping from 72% yesterday to 86.8% today.
The chart is ugly. We're in a Death Cross Death Cross occurs when the short-term moving average (e.g., 50-day) crosses below the long-term moving average (e.g., 200-day). It's a bearish signal suggesting more downside may be ahead. pattern — bears are in control. But there's a twist.
Price is falling, but buying volume (OBV) is secretly rising — a classic reversal setup.
Momentum is still pushing price down. Catching a falling knife Falling Knife is Wall Street slang for buying a stock that's in a steep decline. The risk is the stock keeps falling after you buy, leading to immediate losses. = pain.
Wait for price to stabilize and cross above $428 (the 13-day EMA 13-day Exponential Moving Average (EMA) gives more weight to recent prices. When price crosses above it, it signals short-term momentum has turned bullish. ). That's your signal.