MSFT Bounce or Flush?Microsoft CorporationNASDAQ:MSFTpakoumalThe daily trend is already broken, but the broader uptrend is intact which often produces a short-term bounce before a larger directional move unfolds Price broke the 50d MA with conviction, attempted to reclaim it & was rejected, so now price is slightly below it around $509-$514 Volume is not confirming that there are strong buyers so the daily trend is weak RSI & stoch both suggest no bullish divergence, or trend reversal This is the kind of bounce typically precedes a continuation down A bearish bias exists; unless, MSFT reclaims $520+ $505 is the first trapdoor & below it, $495-$500, then possibly $480-$485 MSFT is below the 50d MA, trend is weakening, momentum is bearish, but looking at the weekly chart, MSFT is still above it's long-term trend line which means, bounce or flush Quick bounce into the 50d MA ($515-$518), then reject & drop lower (50%) since the daily shows clear oversold momentum, weekly support intact & the 50d MA should be tested (in all sets the typical scenario for a dead-cat bounce) Immediate breakdown below $508 with a slide to $495-$500 (35%) given the RSI