30+ years of trendline support show a buy point around 185-195 for MSFT (assuming the long-term trend holds). This is ~15-20% below where we are at today.
185 corresponds to the pre-COVID high, though we could go lower and still stay with the 30+ year trend (though I tend to like the probabilities around where 2 key levels meet).
If that long-term trendline breaks, the thesis is flipped. Consider a stop loss around 175-180.
185 corresponds to the pre-COVID high, though we could go lower and still stay with the 30+ year trend (though I tend to like the probabilities around where 2 key levels meet).
If that long-term trendline breaks, the thesis is flipped. Consider a stop loss around 175-180.