Stock of the Day: Microsoft

In today’s stock of the day, let’s take a look at Microsoft on the weekly chart, where the situation has improved significantly.

Not long ago, the stock was in a dangerous position, sitting right on a major support. But the reaction from that level changed everything.

The key level here is the horizontal support around $360, marked in green. This level held firmly, and last week brought a very strong bullish candle. That move allowed the price to climb higher and, importantly, break through the order block marked in blue.

That break is crucial because it signals a shift in market structure. What we’re seeing now is a change in the state of delivery into a bullish one.

In simple terms, the market moved from a defensive position into a more aggressive, upward phase.

As long as the price stays above the $360 support, the sentiment remains positive. That level now acts as a clear line in the sand for buyers.

So for now, the outlook is bullish, and last week’s move may be the beginning of a larger upside continuation.

Source: https://www.axiory.com/analytics/stock-of-the-day/stock-of-the-day-microsoft-9