Microsoft daily chart to the left and I can see a possible selling opportunity coming up. It looks like we are approaching a confluence of fib retracements at the 36.6/36.7 level (shown in purple and yellow). We also are showing a good bit of continuation divergence as the MACD pulls back considerably while we still are yet to really break a new high peak in price. I would wait for a signal of some type as I wouldnt want to catch a falling knife (or rising knife in this case). The only hesitation I have about this trade is that 23 is the lower end of its range in about forever so the profit target wouldn't be great, but still something could be made from this.
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