Microsoft Corp.

MSFT MICROSOFT

69
A higher high has been formed suggesting a short term change in trend.

However, there is no confirmation until the $316 region is taken out.

As long as we remain below $316, expect bounces to be sold.

In the near term, I expect $250-$260 zone to be a good buying opportunity.

As long as last week's $246 low holds, expect dips to be bought for a move to 296-305 supply zone.

Bullish in short term, bearish long term (as long as we’re below 316)



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