MSFT 3 Jul 2024 On the daily timeframe, Microsoft (MSFT) is seen well above the kumo cloud, showing the strength of the solid bullish trend since early last month. Although it experienced several trend reversals, this did not affect the ongoing bullish trend. Microsoft stock managed to reach a price of 459.37 and still shows potential for further gains. The stochastic indicator also showed a rise towards the 80 level, indicating that the bullish momentum is still strong. Traders should watch for overbought signals on the stochastic and consider nearby resistance levels in anticipation of a possible minor correction.
