NeeteshJain
Long

Microsoft Breaks out from 40 weeks (10 Months) Trading Range

NASDAQ:MSFT   MICROSOFT CORP
Last week Friday closing confirmed the weekly breakout of price action from a previously trading range. Trading range was 40 weeks long where we saw major buying and selling of the stock , which is also called Value Area.

As per the volume profile , if any stock's price action moves above the value area then it signals a buy opportunity which we could see at Microsoft             after a breakout from a high volume value area and also previous resistance.
I believe it is a strong buy for now,

Target 1: 61
SL: 56
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