Price action looks like this could be a cup and handle breaking out through the $165 area. Lots of important economic signals coming in the next 2 week which, if good, could be a boon for markets and especially blue chip technology. MSFT is one of the strongest looking stocks of them right now in my opinion. Out on two closes under $140 looking to see this test $290 area when I would set a hard stop order to $280 and let it ride.
Trade active:
meant to say $265 instead of $165 in post above
Trade closed: target reached:
Target reached on the trade. I still kept my MSFT shares as an investment. I think their exposure to AI is still not understood or appreciated by the markets. Of all the big tech stocks, MSFT is probably my favorite.