$Microsoft(MSFT)$ Now that the stock is trying to rally, the bulls have a tough hill to climb.On the upside, Microsoft needs to reclaim $270 and active resistance, the latter of which comes from the declining 10-week moving average.If it can do that, perhaps we can get a larger move to the upside and potentially even have a low to work with.If Microsoft stock can’t make that type of progress, the low near $240 remains vulnerable.On a close below this mark, the door opens down to $225, then the rising 200-week moving average. For the long-term investor, these areas appear to be buying opportunities.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
  • Lao Tzu Ang
    ·2022-06-29
    Don't need to rush in. Stock chart will tell you if reversal has happened.
    Reply
    Report
  • Sherry0000
    ·2022-06-29
    👍🏻
    Reply
    Report
  • Elsa Heng
    ·2022-06-29
    [What]
    Reply
    Report
  • Kelvinpek
    ·2022-06-29
    Cool
    Reply
    Report
  • Nanab
    ·2022-06-29
    like
    Reply
    Report
  • MdNasir
    ·2022-06-29
    👍
    Reply
    Report
  • Ealmighty
    ·2022-06-29
    k
    Reply
    Report
  • lionsg
    ·2022-06-29
    Ok
    Reply
    Report
  • kelvintwk
    ·2022-06-29
    .
    Reply
    Report
  • Jjsh
    ·2022-06-29
    Ok
    Reply
    Report
  • AL77
    ·2022-06-29
    OK
    Reply
    Report
  • Tiger Lim
    ·2022-06-29
    good
    Reply
    Report
  • Bonghanhuei
    ·2022-06-29
    ok
    Reply
    Report
  • wendytan
    ·2022-06-29
    i
    Reply
    Report
  • CM75
    ·2022-06-29
    like
    Reply
    Report
  • JeffTai
    ·2022-06-29
    ok
    Reply
    Report
  • LINLIN
    ·2022-06-29
    Good
    Reply
    Report