08.08.2016 - Shares of Microsoft probably will correct after a strong growth

Price of Microsoft continued growth within the local rising channel and may soon exceed the level of 58.00, which will be the basis for continuation of the upward price movement to the psychologically important mark of 60.00. On the other hand, breaking through the lower boundary of the channel and the level of 56.60, will be a signal to sell with targets at 54.00 and 52.80. Our medium-term outlook remains positive, but we expect correction to start in the coming weeks.

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