Microsoft has shown resilience on the weekly timeframe after retesting the $350 support zone a couple of weeks ago. That level held cleanly, confirming ongoing demand and preventing a deeper breakdown. Price has since stabilized and is currently trading near the $393–394 area heading into tonight’s earnings release.
With the report due after the close, volatility is expected. In our view, the higher-probability scenario remains a move higher to retest the intermediate resistance near $465. A constructive reaction to the numbers could open the path for that retest, while a disappointing print would keep the focus on the recently defended $350 zone as the key downside level.
Stay disciplined and manage risk accordingly.
With the report due after the close, volatility is expected. In our view, the higher-probability scenario remains a move higher to retest the intermediate resistance near $465. A constructive reaction to the numbers could open the path for that retest, while a disappointing print would keep the focus on the recently defended $350 zone as the key downside level.
Stay disciplined and manage risk accordingly.
Transaction en cours
Price is close to retest the intermediate resistance at $465 as predicted.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.