Microsoft -> A Long Term Double Top?

2023年8月16日

Hello Traders and Investors,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Microsoft💪

On the monthly timeframe you can see that Microsoft stock once again retested the previous all time high at the $340 level and once again rejected it towards the downside.

You can also see that after the recent retracement on Microsoft, MSFT stock is approaching previous structure at the $320 level from which we could see a short term bullish bounce.

And last but not least I am just waiting for the daily timeframe to shift back to a bullish market before I then do expect a short term rejection away from the daily and weekly support area.

Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈

Thank you for watching and I will see you tomorrow!

My previous analysis of this asset: