Microsoft Challenges Fib 3.618 level

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Microsoft - MSFT

Expectations were beat across the board today but what does the long term monthly chart tell us? All is revealed in the chart. This is a key moment for MSFT and a pull back or break through to established new highs wouldn't surprise. I'm happy to wait for the confirmations outlined in the chart. That MACD cross though looks appealing.

Earnings Summary
- Profits jumped 20% to 20.1 b
- EPS: $2.69 / Exp $2.56
- Revenue: 56.19B / Exp 55.49B
- Azure (cloud) revenue up 26% / Exp 27%
Note
This is starting to look like a double top....

Falling Start Candle

Appears the 3.618 fib level is significant resistance
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