MSFT has bounced off a very critical long-term trendline shown on the chart. It has only been touched at market bottoms in the last 6-7 years, including June 2016, December of 2018, March 2020 and now (May 2022). In the last 3 times, the reward had been great (+80% or more until the next major correction). This is a potential long-term buy signal for MSFT and the market in general. I have a small position in MSFT, and I am planning to add more as it rallies higher.
Please do your own study and evaluate your own risk.
Please do your own study and evaluate your own risk.
Comment:
Bought a little more on the dip today in MSFT. Bad news but stock still went up on the day. A sign that the correction is over.