MSFT update October 24

MSFT should be able to reach $66-$67 on this break out, based on the two bull flags (blue and black) that have formed. This is pure technical analyses and chart patterns, no wave count so we’ll use these as are rough guides. Earnings were good last week, allowing for the breakout above the trading range from the past 10-12 weeks. That’s a good sign. But a retest -to $59ish- can always be expected. Note this is a weekly chart and all TIs are pointing up, and on Buy wanting to see higher prices going forward in the next weeks.

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