MSFT: New All-Time-High with good upside (projection)
Market reaction for the last earnings wasn't that positive, but today the move was strong and showed some bullish commitment and supported with large volume - don't believe that's only because of the new around TikTok but it may have helped.
we're in all time high above $217 - and if the bulls can maintain that momentum (let's see reactions tomorrow and rest of week), we may project an upside of around 16% -- that takes MSFT to the range $250 to $255 before end of Q3 -- but that scenario is a very optimistic one and there's always the risk of headwind during these dynamic times.
overall MSFT has been a great stock to own, and continues to be - and still show continuing growth potential - rewarding for the patient (position) traders.
we're in all time high above $217 - and if the bulls can maintain that momentum (let's see reactions tomorrow and rest of week), we may project an upside of around 16% -- that takes MSFT to the range $250 to $255 before end of Q3 -- but that scenario is a very optimistic one and there's always the risk of headwind during these dynamic times.
overall MSFT has been a great stock to own, and continues to be - and still show continuing growth potential - rewarding for the patient (position) traders.
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.