DOW JONES OVERVIEW: MICROSOFT RESTORES ITS LONG TERM TRENDS
Microsoft is restoring its long term up trends after late August selloff
Recently the price bounced up from 10-year uptrend border, which is marked by the upper 1st standard deviation from 10-year mean @ 39.40.
If the upwards impulse continues, price will also restore its 5-year uptrend, by trading above its border, marked by the upper 1st standard deviation from 5-year mean at 43.75.
On short term basis nothing stops MSFT from restoring its long term trends, as price trades laterally within 1st standard deviations from 1-year and quarterly means.
Recently the price bounced up from 10-year uptrend border, which is marked by the upper 1st standard deviation from 10-year mean @ 39.40.
If the upwards impulse continues, price will also restore its 5-year uptrend, by trading above its border, marked by the upper 1st standard deviation from 5-year mean at 43.75.
On short term basis nothing stops MSFT from restoring its long term trends, as price trades laterally within 1st standard deviations from 1-year and quarterly means.
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.