Hi there,
As you can see it is following the channel well. Back in 2020 it dropped then over the next 6 months, it went up 50% more than the previous peak. Since it is at the lower end of the channel and the BULLISH uptrend since 2007, we can expect MICROSOFT to bounce back.
HOWEVER, we shall WAIT for the CLOSURE of the candle when MARKET opens and we SHALL wait...
🐻 Similar to amazon stock I notice a rising wedge from the main structures. This could lead to a fakeout trap as we approach the upside of previous high and selloff.
Patterns do not always mean what they are said to mean in the textbook but we can use them to help us look for our next play. The top of the wedge lines up with previous high. Be cautious. Play...
Microsoft is currently in a strong parabolic uptrend, If this momentum continues the long term price may reach massive ATH’s. With the development of new AI technology, could technology, and MSFT’s involvement in digital currency I think this is entirely possible by 2036.
As far as I know, there's a common axiom that says: "What goes up, must come down".
Where are we?
...the answer is clear to me.
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