Microsoft Parallel Channel and 200 DSMA worth watching

243
Microsoft - MSFT

Long Term Chart

▫️ An incredible long term trending channel.
▫️ Lets zoom in on Channel 1 and Channel 2

I have compared the 2019 - 2022 period(Channel 1) to the current 2022 - 2024 period (Channel 2) .

Channel 1
2019 -2022
תמונת-בזק

Channel 2
2022 -2024

תמונת-בזק

▫️ Both of these periods have had parallel channels with the 200 day SMA acting as underside support.

▫️ When these were both lost in Q1 2022, it led to an approx. 38% decline from the highs, or a c. 28% decline from losing the channel or 200 DSMA level.

▫️ This is a very strong chart. Unless the channel is lost which sync's up with a loss of the 200 day moving average (approx. $410), intermediate trend looks intact for continued upwards trajectory.

PUKA

כתב ויתור

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