Microsoft is now waiting for something to happen, specially with this GPT news and integration which makes the fundamental side interesting, adding an extra volatility to the stock. Right now after the breakout of the downtrend line and the MA 200 there was a rejection in the 280 zone, price is heading to the downtrend line and the MA 200 that are now powerful supports. If there is not a breakout of those supports and the WTO gets below the 0 section, the long side will be an appealing option with targets at 273.5, 280 and 293.
However, if price breaks such a powerful supports the decline will be the better option and we assess levels then.
However, if price breaks such a powerful supports the decline will be the better option and we assess levels then.