01.09.2014 - Microsoft is trying to break through the resistance level

Microsoft's stock price continues to consolidate near the level of 45.00. In case of price drop to the level of 44.00 can be said about the formation of the triangle, after moving beyond which we should expect a sharp price movement. The signals to buy will be fixing the price above 45.50. In such case we expect growth to 48.50 and 50.00. Fall is limited by the levels of 44,00 and 42,60. We expect the price growth in the medium term, but recommend to wait for confirmation of signal to open long positions.

Microsoft Corp Statistics

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