MSFT will be looking at TikTok if Oracle deal falls through

Fox’s Gasparino sites banking sources

Fox’s Charlie Gasparino is tweeting that MSFT could make another run at TikTok if the Oracle deal falls through. 

Fox's Gasparino sites banking sources_MSFT traded below its 100 hour moving average at $241.88 as the pair consolidates near the all time highs over the last few weeks.  The current price is trading just above the $241 level. That is still below the 100 hour moving average (blue line in the chart below).

MSFT on the hourly chartPresident Trump approved of a TikTok deal with Oracle back on September 20 when ORCL shares are trading around $61. They currently trade just above that level at $61.72 after trading as low as $55.14 in October and as high as $66.20 in December.
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By Jonathan Prop

Jonathan Prop is an independent financial advisor. He has been working in finance for the last 20 years. After retiring early in his 40s, Jonathan decided to help others get to grip with financial markets, particularly his area of expertise - forex!

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