Microsoft Corporation (MSFT) is on a Good Correction
Microsoft Corp. has earned praise for its successful pivot from desktop computing to cloud computing.
As such, MSFT stock has risen as result.
Microsoft Corporation (MSFT) has recently seen a 10% correction/uptrend over the long term. Particularly, yesterday the price bounced from a strong support 100 EMA level and formed a bull configuration.
If the price level continues its upward movement, it is very possible that we will see again the highs of $263 per share or even be looking at new all-time highs.
As such, MSFT stock has risen as result.
Microsoft Corporation (MSFT) has recently seen a 10% correction/uptrend over the long term. Particularly, yesterday the price bounced from a strong support 100 EMA level and formed a bull configuration.
If the price level continues its upward movement, it is very possible that we will see again the highs of $263 per share or even be looking at new all-time highs.