MSFT potential Long
MSFTThe blue parallel lines indicate a support and a resistance level at $247 and $272, respectively. On July 28, there was a break through at $272, after which the price dropped.
Additionally, the red parallel lines YTD reveal a downward trend. However, there was a breakthrough on July 28 and another on September 9, thus it's possible that the trend will now move upward as shown by the green parallel upward trend path.
Price is currently trading below the 21 EMA, but if it crosses and remains above the 21 EMA, it could support our LONG strategy.
Finally, the Stoch RSI similarly shows that the trend has possibly reached a point of inflection and may be heading up.
The orange arrow shows a prospective MSFT price goal of roughly $450, which depicts the trend that runs from March 2020 to January 2022 and is now reflected on the current date till 2024.
There are no certainties in any of these analysis; only hypotheses and possibilities. It indicates a possible rise in price of the MSFT stock over time and not a guarantee. Additionally, none of these considerations or presumptions take into account present or projected levels of inflation and interest rates.
Please conduct your own reading and study on the firms income statement, quarterly reports, and performances as well as additional analysis of the current market and economic situation before copying any strategy.
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