MSFT April 30, 2024: Entering the 30- and 52-Week MA Area

At the close of April 30, 2024, with an ugly price action, MSFT started to enter an area between 30-week MA (orange) and 52-week MA (purple) as shown in its weekly chart below


Which is equivalent to an area between 150-day MA (orange) and 200-day MA (purple) on its daily chart.

This area was also a consolidation zone between Nov 13, 2023 and Jan 8, 2024.

Let's watch closely if this area can again be a support are for this stock during this overall market correction.