Microsoft's local rebound

Microsoft Corporation
Ticker: MSFT
Idea: Long
Horizon: 1-2 months
Target 1: $264
Target 2: $281
Stop order: $233
Entry range: 238-241 USD

Technical analysis
The price is in the support zone around $241, where a local bounce up can be formed.

Fundamental factor
Microsoft is one of the largest multinational companies producing proprietary software for various kinds of computing equipment: personal computers, game consoles, PDAs, cell phones and others. On Sept. 20, company representatives announced that Microsoft is releasing special features updates for Windows 11. In addition, Microsoft said it would raise its quarterly dividend by 10% (to $0.68 per share). All of this is a positive backdrop for the company.