MSFT: Hidden Bullish Divergence, Upside Potential+7%?

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Hi Realistic Traders, let's delve into the technical analysis of MSFT

Microsoft's current price action analysis (MSFT) reveals several significant indicators suggesting a favorable bullish trend. Firstly, the stock consistently trades above the Exponential Moving Average (EMA) 34 line, signaling a robust bullish trend. Additionally, a recent development in a symmetrical triangle formation has been observed, followed by a decisive breakout from this pattern.

Moreover, the momentum indicator has exhibited a hidden bullish divergence, reinforcing the positive outlook. This confluence of technical signals indicates a strong likelihood of Microsoft continuing its upward trajectory. In our analysis, we anticipate a potential pullback to the previous resistance zone before resuming its bullish trend, with the initial target in sight. Further, we identify a second target for potential gains, underlining the prospect of sustained positive momentum in MSFT's market performance.

It is essential to note that the analysis will no longer hold validity once the target/support area is reached.

Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on Microsoft."

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ノート
Still on track, confirmed by the formation of bullish candlestick on January 10, 2023
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ノート
Hit the designated target 1, Time for Pullback or directly go to the second target?

スナップショット
トレード終了: 利益確定目標に到達
Done Target 2, Good luck and have fun all!
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Chart PatternsfaangTechnical IndicatorsMicrosoft (MSFT)nasdaqStocksstocksignalsstocktradingTechnical AnalysistechnologystocksTrend Analysisusstocks

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