MSFT had a decent bounce after Friday's hammer candle as the stock continues to rebuild. Despite yesterday's weakness in the tech sector triggered by 
SNAP, the software giant closed right at its 8EMA. In case it can get above $263, it has some space on the chart for a possible move back to $270 in the coming week if the overall market conditions improve. Watch this stock for overall sentiment in tech. The longer it stays above $260, the higher the probability the next move is above $270 rather than below $240 as the bears would envision. 
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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.