Today we going to analyze Microsoft Corp Stocks (MSFT)
As shown on the Hourly chart. What we see here I had marked all Weekly, Daily, 4 Hours, & Hourly Trendline.
What we can conclude here is, based on the trendline we able to identify that this stock getting weaker and almost reaching the peak of an uptrend, but yet we have to wait for solid confirmation before deciding anything on these stocks.
From an Hourly perspective, We able to see that price was created double top in the decision area. Is means, we waiting for another price movement to create another confirmation.
if the price breaks an hourly trendline, we expecting this price to look for the next target on 4hours Trendline, and so on. But if it breaks higher above the decision area, the price will continue to move higher.
The key level will be - 253.16 price going lower - 264.24 price going higher.
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