Short term view - MICROSOFT CORP : The moving average is supporting prices.
The trend has been momentarily interrupted by a correction. It approaches the support at $95.80, which also is the invalidation level. It should cause a bounce and resume the bullish trend. The next target is at $106.80. The invalidation level is below $95.80.Arguments :
- The resistance has been reached, it causes the fall.
- Prices made a new all-time-high, this confirms the strength of the trend.
- The moving average is supporting prices.
Microsoft is a technology company. The company develops and supports software, services, devices, and solutions. The company provides an array of services, including cloud-based solutions as well as solution support and consulting services. The company also delivers relevant online advertising. The company's products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; and video games. The company also designs, manufactures, and sells devices, including personal computers, tablets, gaming and entertainment consoles, other devices, and related accessories.
DayByDay is an independent research company providing global macro and single stock analysis, recommendation and allocation based purely on behavioural finance methods. Those include long term cycle analysis, sentiment analysis, and technical trigger. DayByDay serves all clients in need of practical and precise publications to make effective market decisions, on any time horizon, from a few hours to a few years.
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