The stock price could be bearish in short. But bullish in long. And the top support line of the Microsoft stocks (at 281 USD) seems to be the minimum reasonable trading point for mid-term holding strategy, unfortunately... And the second support line is even further below at 243 USD... Yet, its not a good time to buy some stocks but, soon, at a price of between 243 to 281 USD midterm holding strategy would be profitable...
Note
Lately, it seems that the first support line became a resistant at top of an imaginable price channel... and the second support line is yet a reliable line as a support that may broke once or may not broke ever...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.