Taking advantage of MSFT earnings SHORT

15 Oca 2016

So we're going into earnings and a lot of people are saying long MSFT. I honestly cannot see the appeal in this. Earnings play maybe but the current chart is very much bearish and is following history. It was in a downwards trend as you can see with my channel but broke out. I think it will use the top as support if not break through it to cover some gaps.

I'm going to wait for earnings and if it gaps up then I will short it and if it goes down... still short.