If we check a logarithmic chart,
MSFT
has been in an uptrend corridor since 2000. A few days ago, after several attempts, it finally broke the line and is now reaching new highs.
As a new bottom, I would consider the support at 432 or possibly at 366.
For now, it is moving within a small uptrend corridor between 444 and 454.
It has good fundamentals and healthy technical movements.
End of the year target is at least 580.
As a new bottom, I would consider the support at 432 or possibly at 366.
For now, it is moving within a small uptrend corridor between 444 and 454.
It has good fundamentals and healthy technical movements.
End of the year target is at least 580.
Comment:
Today it broke the uptrend corridor for new high as many tech stocks now. Strong bullish sentiment and this can be good year for MSFT.