Microsoft continues to show strong bullish behavior on the weekly chart. Historically, the stock has respected a well-defined upward channel, and the recent price action has further reinforced this trend. Notably, MSFT has broken through a key resistance level that had previously capped its upside for months. This breakout is significant as it suggests a shift in market structure, from consolidation to a potential new leg up.
The breakout area around $474–$479 has now turned into a short-term support zone. This region will play a critical role in maintaining bullish sentiment; any successful retest that holds above this zone confirms strength and invites further accumulation. The chart highlights a projected move toward $580, which lies near the upper red trendline—this aligns well with the historical resistance trajectory.
A bullish trade setup can be considered from the current levels around $478, with a stop-loss just below the $447–$435 zone. This range marks a previous congestion area and aligns with the lower side of the risk-reward box illustrated on the chart. The potential upside move is about 20.99%, offering a solid risk-reward ratio of approximately 2.27, assuming the price continues to hold above the breakout level.
While the trend remains firmly bullish, a weekly close below $447.50 would warrant caution. It could indicate a deeper retracement, potentially back into the broader green trend channel extending toward $400 or below. However, current momentum favors continuation to the upside, especially after clearing such a pivotal resistance.
In conclusion, Microsoft’s long-term chart structure, combined with the recent breakout and favorable price action, supports a bullish outlook. If price action remains above $474–$479, the stock is well-positioned to challenge the $580 resistance level in the coming weeks.
The breakout area around $474–$479 has now turned into a short-term support zone. This region will play a critical role in maintaining bullish sentiment; any successful retest that holds above this zone confirms strength and invites further accumulation. The chart highlights a projected move toward $580, which lies near the upper red trendline—this aligns well with the historical resistance trajectory.
A bullish trade setup can be considered from the current levels around $478, with a stop-loss just below the $447–$435 zone. This range marks a previous congestion area and aligns with the lower side of the risk-reward box illustrated on the chart. The potential upside move is about 20.99%, offering a solid risk-reward ratio of approximately 2.27, assuming the price continues to hold above the breakout level.
While the trend remains firmly bullish, a weekly close below $447.50 would warrant caution. It could indicate a deeper retracement, potentially back into the broader green trend channel extending toward $400 or below. However, current momentum favors continuation to the upside, especially after clearing such a pivotal resistance.
In conclusion, Microsoft’s long-term chart structure, combined with the recent breakout and favorable price action, supports a bullish outlook. If price action remains above $474–$479, the stock is well-positioned to challenge the $580 resistance level in the coming weeks.
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Trade forex, indices, stocks and metals with up to US$100.000 in company's funding.
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Complete a challenge to access funding or go for instant deposit.
Trading involves substantial risk. Not financial advice
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.