Microsoft continues to show strong bullish behavior on the weekly chart. Historically, the stock has respected a well-defined upward channel, and the recent price action has further reinforced this trend. Notably, MSFT has broken through a key resistance level that had previously capped its upside for months. This breakout is significant as it suggests a shift in market structure, from consolidation to a potential new leg up.
The breakout area around $474–$479 has now turned into a short-term support zone. This region will play a critical role in maintaining bullish sentiment; any successful retest that holds above this zone confirms strength and invites further accumulation. The chart highlights a projected move toward $580, which lies near the upper red trendline—this aligns well with the historical resistance trajectory.
A bullish trade setup can be considered from the current levels around $478, with a stop-loss just below the $447–$435 zone. This range marks a previous congestion area and aligns with the lower side of the risk-reward box illustrated on the chart. The potential upside move is about 20.99%, offering a solid risk-reward ratio of approximately 2.27, assuming the price continues to hold above the breakout level.
While the trend remains firmly bullish, a weekly close below $447.50 would warrant caution. It could indicate a deeper retracement, potentially back into the broader green trend channel extending toward $400 or below. However, current momentum favors continuation to the upside, especially after clearing such a pivotal resistance.
In conclusion, Microsoft’s long-term chart structure, combined with the recent breakout and favorable price action, supports a bullish outlook. If price action remains above $474–$479, the stock is well-positioned to challenge the $580 resistance level in the coming weeks.
The breakout area around $474–$479 has now turned into a short-term support zone. This region will play a critical role in maintaining bullish sentiment; any successful retest that holds above this zone confirms strength and invites further accumulation. The chart highlights a projected move toward $580, which lies near the upper red trendline—this aligns well with the historical resistance trajectory.
A bullish trade setup can be considered from the current levels around $478, with a stop-loss just below the $447–$435 zone. This range marks a previous congestion area and aligns with the lower side of the risk-reward box illustrated on the chart. The potential upside move is about 20.99%, offering a solid risk-reward ratio of approximately 2.27, assuming the price continues to hold above the breakout level.
While the trend remains firmly bullish, a weekly close below $447.50 would warrant caution. It could indicate a deeper retracement, potentially back into the broader green trend channel extending toward $400 or below. However, current momentum favors continuation to the upside, especially after clearing such a pivotal resistance.
In conclusion, Microsoft’s long-term chart structure, combined with the recent breakout and favorable price action, supports a bullish outlook. If price action remains above $474–$479, the stock is well-positioned to challenge the $580 resistance level in the coming weeks.
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Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.