I promised multiple times that a detailed analysis of
MSFT will be published. Its time, today we analyze the levels to watch for and the future price points in this stock.
A large cap stock like
MSFT is a difficult ship to navigate. During the recent turbulence the stock lost almost 33% of its value. Even during these times, it never broke below the prior cycle highs of 345 $ in contrast to other MAG7 stocks like
TSLA which then led to more than 50% downturn in the stock. But as the headline says
MSFT is Teflon stock with resistance to go down. In the weekly chart we see that the stock never broke below the midpoint of the upward sloping regression band channel which is @ 375 $.
Now where does the stock go from here? If we plot the Fib levels on
MSFT we see that it is firmly at 0.382 which lies at 392 $. Next level is at 415 $, and we have an earning catalyst upcoming for
MSFT and if the stock closes above 425 $ then we can easily touch 422 $.
Verdict :
MSFT keep on DCAing. Earnings quality with low volatility.
A large cap stock like
Now where does the stock go from here? If we plot the Fib levels on
Verdict :
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Related publications
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.