Microsoft recently approached the resistance level 41.30 that was set as the buy target in our earlier report for this company.
The price previously broke the upper resistance trendline of the daily down channel from the start of April – which was followed by the short-term downward correction ending with the Japanese candlesticks reversal pattern the Hammer – in turn followed by the sharp upward price thrust which brought Microsoft up close to the buy target 41.30. If Microsoft breaks above 41.30 – it can be expected to rise further to the next buy target at 42.00.
Microsoft recently approached the resistance level 41.30 that was set as the buy target in our earlier report for this company.
The price previously broke the upper resistance trendline of the daily down channel from the start of April – which was followed by the short-term downward correction ending with the Japanese candlesticks reversal pattern the Hammer – in turn followed by the sharp upward price thrust which brought Microsoft up close to the buy target 41.30. If Microsoft breaks above 41.30 – it can be expected to rise further to the next buy target at 42.00.
The post HY MARKETS News: Stocks Report: Microsoft Corp appeared first on | HY Markets Official blog.
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