Microsoft Corp.Long
MSFT - Trend Analysis on 6 month Chart
As of 07/24 Close, Microsoft MSFT was trading at 201.30 and exactly sitting on the Trend line.
Nevertheless, the Stock is a great winner for Long term. Just need to be cautious of this short term fluctuation if incase doing Option Trading.
MSFT was trading at 201.30 and exactly sitting on the Trend line. - If it breaks down (Below 201/200), Can find support at 197 (Fib level 0). Or if worsens, can downtrend for few days to weeks.
On a positive note, If bounces back by next week and recovers above 204 (Fib level 0.382), then can get back into Uptrend and can go till 220 gradually.
Nevertheless, the Stock is a great winner for Long term. Just need to be cautious of this short term fluctuation if incase doing Option Trading.
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