Microsoft (MSFT) – Weekly Technical Outlook * Structure: Comple
By:TradingView
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Microsoft (MSFT) – Weekly Technical Outlook
* Structure: Completed a full corrective cycle (A-B-C) from ~550 down to the 345–356 zone. Current price action suggests the early stage of a new bullish cycle.
* Trend: Price is reclaiming the lower boundary of the long-term ascending channel. Early signs of trend reversal, but not fully confirmed yet.
* Volume:
* Elevated volume on the final leg down → likely capitulation
* Strong bullish candle with increasing volume → institutional accumulation
* Recent activity confirms sustained interest on the buy side
* Key Levels:
* Support: 400–405
* Pivot: 420
* Resistance: 440–450
* Confirmation: 480+
* Primary Scenario (Bullish):
Holding above 400 and breaking 420–430 on strong weekly close opens the path toward 450 and 480. This would confirm the start of a new impulsive leg (Wave 3).
* Risk Scenario:
A breakdown below 400 with rising sell volume could lead to a retest of 380 or even 345.
Conclusion:
This is not a weak bounce. Volume suggests accumulation, but confirmation requires a strong weekly close above 420–430.
* Structure: Completed a full corrective cycle (A-B-C) from ~550 down to the 345–356 zone. Current price action suggests the early stage of a new bullish cycle.
* Trend: Price is reclaiming the lower boundary of the long-term ascending channel. Early signs of trend reversal, but not fully confirmed yet.
* Volume:
* Elevated volume on the final leg down → likely capitulation
* Strong bullish candle with increasing volume → institutional accumulation
* Recent activity confirms sustained interest on the buy side
* Key Levels:
* Support: 400–405
* Pivot: 420
* Resistance: 440–450
* Confirmation: 480+
* Primary Scenario (Bullish):
Holding above 400 and breaking 420–430 on strong weekly close opens the path toward 450 and 480. This would confirm the start of a new impulsive leg (Wave 3).
* Risk Scenario:
A breakdown below 400 with rising sell volume could lead to a retest of 380 or even 345.
Conclusion:
This is not a weak bounce. Volume suggests accumulation, but confirmation requires a strong weekly close above 420–430.
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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