Hello Traders and Investors, my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Microsoft💪
On the monthly timeframe you can see that Microsoft stock once again retested the previous all time high at the $340 level and once again rejected it towards the downside.
You can also see that after the recent retracement on Microsoft, MSFT stock is approaching previous structure at the $320 level from which we could see a short term bullish bounce.
And last but not least I am just waiting for the daily timeframe to shift back to a bullish market before I then do expect a short term rejection away from the daily and weekly support area.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
Great publication. You can see that you have worked through several timeframes, the older timeframes also support your arguments. Thank you for your work!
Doesn't look like a double top, but that's not the point. It looks like only wave A of the decline is ending now, followed by a rebound B, as you showed, and another wave C