Microsoft (MSFT) Technical Update & its channel
Microsoft began forming a long-term ascending channel as far back as November 2021, marked by three higher highs and two higher lows, as illustrated on the chart.
The price action became particularly interesting when it broke out of this channel, reaching a new all-time high (ATH) of approximately $557.
However, the underlying fundamentals (catalysts) were insufficient to sustain momentum at that level, leading to a pullback.
The stock is now consolidating around the $522 zone — a key confluence area where the ascending trendline meets a horizontal support level.
Outlook:
If price breaks below this zone and re-enters the channel, a deeper correction could follow, with potential downside targets in the $500 – $480 range.
As always, I encourage you to review the chart, share your thoughts in the comments, and connect if you’d like to discuss further.
Microsoft began forming a long-term ascending channel as far back as November 2021, marked by three higher highs and two higher lows, as illustrated on the chart.
The price action became particularly interesting when it broke out of this channel, reaching a new all-time high (ATH) of approximately $557.
However, the underlying fundamentals (catalysts) were insufficient to sustain momentum at that level, leading to a pullback.
The stock is now consolidating around the $522 zone — a key confluence area where the ascending trendline meets a horizontal support level.
Outlook:
If price breaks below this zone and re-enters the channel, a deeper correction could follow, with potential downside targets in the $500 – $480 range.
As always, I encourage you to review the chart, share your thoughts in the comments, and connect if you’d like to discuss further.
Penerbitan berkaitan
Penafian
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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.