Microsoft Breaks out from 40 weeks (10 Months) Trading Range
Last week Friday closing confirmed the weekly breakout of price action from a previously trading range. Trading range was 40 weeks long where we saw major buying and selling of the stock, which is also called Value Area.
As per the volume profile, if any stock's price action moves above the value area then it signals a buy opportunity which we could see at Microsoft after a breakout from a high volume value area and also previous resistance.
I believe it is a strong buy for now,
Target 1: 61
SL: 56
As per the volume profile, if any stock's price action moves above the value area then it signals a buy opportunity which we could see at Microsoft after a breakout from a high volume value area and also previous resistance.
I believe it is a strong buy for now,
Target 1: 61
SL: 56