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.
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.
Commentaire:
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.