MICROSOFT on an excellent long-term buy level.Microsoft (MSFT) has been trading within a Channel Up since the January 06 2023 low and yesterday came to the closest 1D candle closing to the bottom (Higher Lows trend-line) of the Channel Up since September 27 2023.
That was also the last Higher Low of the Channel Up, achieved exactly on the 0.382 Fibonacci retracement level from the previous Low. With the price now below the 1D MA100 (green trend-line) but still above the 1D MA200 (orange trend-line), it appears that we are on symmetrical levels with that Higher Low.
The 1D CCI patterns between the two fractals are also similar and long-term investors can start considering buying MSFT again. Our medium-term Target is $450.00.
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