Which Way Is MSFT Currently Leaning?

1. Bull Case Scenario

The current zone near $386 is a pivotal horizontal support. If MSFT stabilizes here and buyers step in, a short‐term bounce is likely.
Moving averages are converging around $401–$410. A daily close above this band(~420—would signal a bullish reversal attempt.
RSI near 40–45: A push back above 50 would hint that momentum is shifting bullish again.
Stochastics are in the lower range (30s), so a crossover back up can foreshadow a price rebound.
PMO (Price Momentum Oscillator) turning from negative to positive would reinforce a new upswing.
Upside Targets
First target: $417–$418 (overhead volume node + prior swing high).
Next: Potential retest of $450–$465 if the broader market and fundamentals align.
Follow‐through above $420 to confirm the trend change.

2. Bear Case Scenario

Descending Trendline & Lower Highs:-The teal trendline from the peak (~$465) remains intact. Price making lower highs confirms a short‐term downtrend unless it breaks above $420.
Losing $386 support signals bears remain in control.

Next Supports:

$367 → Moderate volume node and horizontal pivot.
$335 → Deeper support aligned with a larger volume shelf.
$307 / $269 → Major downside targets if selling accelerates.

Momentum Indicators Lean Bearish

RSI < 50 and PMO negative both favor continued downside.
Stochastics near oversold can trigger short bounces, but until price reclaims key MAs, rallies may fail.