Microsoft long term trend is still up, this could be a short term level to focus
No doubt $Microsoft(MSFT)$ is still showing an uptrend. But recently price movement has been flattish.
The price is now showing resistance near the previous resistance level of $435.
If this level holds and the price turns downward, the current pattern is starting to resemble a bearish head and shoulders formation. However, for this reversal pattern to be confirmed, the support level at $390 must be broken. Otherwise, $390 will act as a strong support level in the ongoing uptrend.
Additionally, I’ve mapped out another support level at $410.
Let’s keep an eye on these levels. If you're considering trading during high-impact events like earnings, remember that with DLCs, your maximum loss is capped at your initial investment, helping to manage downside risk effectively.
Microsoft Long DLC $MSFT 3xLongSG261006(USGW.SI)$
Short DLC $MSFT 3xShortSG261006(USHW.SI)$
Microsoft flattish price movement
Other M7 earnings and DLCs
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