The Aristocracy of the Mag 7 Take a Breather: MSFT & AMZN Eye ConsolidationBoth Microsoft and Amazon appear to be nearing consolidation phases after establishing new volume bases. Let's delve into the details for each stock: Microsoft - $Microsoft(MSFT)$ Support & Resistance: The $433 level acted as a support/resistance line throughout the week, potentially indicating upcoming consolidation around the current volume base (A) formed since February.MACD Crossover Watch: A potential bearish crossover on the MACD indicator is forming. Confirmation of this crossover warrants attention, as it previously signaled a price consolidation period (Base C) on the chart.Short-Term Support: The $410 and $400 levels have served as temporary support lines
Microsoft AI Event: Hit New High or Already Priced-in?
The March 21st “new era of work” event is targeted at Microsoft’s business customers and will feature new Surface Pro 10 and Surface Laptop 6 devices for businesses. ----------------- How do you expect this AI event? Will Microsoft hit new highs? Or the event has already been priced in and fall after the event?
+ Follow
+4