Microsoft (
MSFT) is about to retest strong support:
Click chart above to see the detailed analysis👆🏻
In mid 2024 Microsoft perfectly retested the previous channel resistance trendline and the recent weakness has not been unexpected at all. However the overall trend still remains rather bullish and if Microsoft retests the previous all time high, a significant move will most likely follow.
Levels to watch: $350
Keep your long term vision!
Philip (BasicTrading)
MSFT) is about to retest strong support:Click chart above to see the detailed analysis👆🏻
In mid 2024 Microsoft perfectly retested the previous channel resistance trendline and the recent weakness has not been unexpected at all. However the overall trend still remains rather bullish and if Microsoft retests the previous all time high, a significant move will most likely follow.
Levels to watch: $350
Keep your long term vision!
Philip (BasicTrading)
Trade active
Trading update on Microsoft (MSFT):Click chart above to see the detailed analysis👆🏻
Microsoft is still a little bit hesitant when it comes to a significant move lower but eventually the rounding top formation will be confirmed. Quite likely that also with indices still acting very weak, Microsoft will drop a little more, perfectly retesting structure.
Levels to watch: $350
Keep your long term vision,
Philip (BasicTrading)
Trade closed: target reached
Trading update on Microsoft (MSFT):Click chart above to see the detailed analysis👆🏻
After closing the fourth consecutive month in a row in the red, Microsoft is now pretty close to retesting the previous all time high. Some short term volatility is totally expected but another drop of about -10% would offer a significant trading opportunity.
Levels to watch: $350
Keep your long term vision,
Philip (BasicTrading)
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Free: SwingTrading-Academy👇
discord.gg/jgdrYXwqyD
SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
discord.gg/jgdrYXwqyD
SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.