Microsoft Corporation (MSFT) near term two-sided dynamic

This week MSFT has tested a ceiling of resistance at 227.70 – 231.28 that can contain buying into December activity, and below which the lower 190’s are now in reach over the next 3-5 weeks. Presently a range of support from 190.70-192.46, this meaningful support region narrows the first week of December to 190.56 – 190.70 that can absorb selling through Q1, once tested new highs in reach within several months.

Inversely, a weekly settlement below 190.56 indicates bearish continuation over the following several months down to 155.06, where Microsoft can bottom out well into next year.

Upside, a weekly settlement above 231.28 (dropping to 230.65 the first week of December) would signal bullish continuation into December/January, the following 1-2 months then likely to reach into the 260’s, where a channel-top the final week of December at 267.08 can absorb buying through Q1.

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