$Microsoft(MSFT)$ Looks like it's heading towards support again. That's a double or triple bottom, depending on your timeframe. Technically speaking, support that's repeatedly tested and holds is considered stronger each time. So I'd expect that to happen once more. It's often seen as a buy signal. In fact, many traders understand this dynamic and will anticipate the bounce, either placing limit buys or getting in a few dollars before it happens. With a price target above $500, getting in at the exact bottom isn't that critical.
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