Microsoft Corp.Long
JICPT| Microsoft retest key long-term MA, attractive technically
Updated
Hello everyone. Last Friday's better-than-expected job report triggered another sell-off amid concern of how much fed would increase the interest rate to contain inflation.
It's painful for tech-related stocks even those with tons of cash on their account.
Microsoft came to retest my long-term MA, which it has tested for almost 10 years. For me, this is a really attractive level to load.
What do you think? Give me a like if you're with me.
It's painful for tech-related stocks even those with tons of cash on their account.
Microsoft came to retest my long-term MA, which it has tested for almost 10 years. For me, this is a really attractive level to load.
What do you think? Give me a like if you're with me.
Note
The higher-than-expected core cpi data weighed on tech stocks, however Microsoft seems to get some support near key level. Let see what sort of pattern it formedNote
Stock rebounded from the level as expected amid dovish comment on December rate hike from a fed governor. 
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