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MICROSOFT CORP
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Microsoft channel break Analysis

220
Fundamental / Technical / News analysis

  • Microsoft earnings were positive.
    But they were not enough to break this channel since June 10th.

  • Today we gapped above resistance, breaking the channel.
    This was caused due to Microsoft winning the JEDI contract from the US government; who beat Amazon, Oracle and IBM cloud platforms.

  • Revenue from the JEDI contract is estimated at $10 billion over 10 years.
    The value of the contract isn't significant to Microsoft market cap of $1 trillion (1%), specially as it will take a decade to get.
    However, Microsoft earnings gave Azure (cloud service) a lot of importance. Beating its competition in this area, will boost sentiment. After all... we did break resistance on this specific news! Price talks more than anything.


dorfmanmaster
amazonazureBeyond Technical AnalysischannelbreakcloudsTechnical IndicatorsjedilargecapmicrosoftsoftwareTrend AnalysisXLK

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amazonazureBeyond Technical AnalysischannelbreakcloudsTechnical IndicatorsjedilargecapmicrosoftsoftwareTrend AnalysisXLK
dorfmanmaster

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.