MSFT Bird's' Eyeview - Bullish Outlook
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day ended with a bullish engulfing candle. However, price has a resistance which is also an important fib level of the wave. A cup and handle may be forming if
the price drop to 270 and back up. Fed news might do just that next week.
If price breaks current resistance level then upside potential levels are 315, 350 and further 380.
the price drop to 270 and back up. Fed news might do just that next week.
If price breaks current resistance level then upside potential levels are 315, 350 and further 380.
Note
With minor pull back and earnings beat, A cup and handle formation has sucessfully formed. Now, we need to wait n watch if 294 level will hold strong as resistance. If it breaks, then above target levels look possible
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