MSFT: Trend analysis and possible scenarios (according to TA).

11 באוג׳ 2021

Hello traders and investors! Let’s see how MSFT is doing today, and what our dear Technical Analysis (TA) has to say about it.

It seems it is having a hard time recently, as the bullish momentum got weaker, but the trend is not bearish at all. So far, we have a congestion that resembles an Ascending Triangle chart pattern, as evidenced by the ascending bottoms (purple line) and the resistance at $ 289 area.

Since MSFT is near all-time high levels, naturally it has many support levels to work with. As long as it keeps above the purple trendline, good, the short-term trend won’t turn bearish. But if we lose the purple line, we might fill the gap at $ 281.



In the daily chart, we have a possible Double Top pattern, which wasn’t triggered, and the 21 ema at $ 284 is another support to hold MSFT.

The volume has been low recently, indicating that we have no sell-off, and this congestion is just a harmless sideways movement.

The technical target for this Double Top is the $ 274.45, which is the worst-case scenario for MSFT in the mid-term.

Let’s watch the purple trendline in the 1h chart first, as it’ll dictate the short-term trend, and we can work the mid-term trend from there.

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Have a good day.