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Current chart analysis: Microsoft shares about to break out or correct? Expert warns of risks
According to a report from www.onvista.de, Microsoft shares reached a new all-time high at the end of September, which could potentially have a positive impact on the market. However, the article also points out that the stock has now reached resistance zones that make a correction likely. Microsoft stock has hit a new all-time high, which is an important development for the market. However, the article warns of possible corrections and emphasizes that the zone between $370.00 and $374.00 may represent a temporary high. If the stock falls back, it could have an impact on the entire market. A correction to 349.67 and below on...
Current chart analysis: Microsoft shares about to break out or correct? Expert warns of risks
According to a report by www.onvista.de, Microsoft shares hit a new all-time high at the end of September, which could potentially have a positive impact on the market. However, the article also points out that the stock has now reached resistance zones that make a correction likely.
Microsoft stock has hit a new all-time high, which is an important development for the market. However, the article warns of possible corrections and emphasizes that the zone between $370.00 and $374.00 may represent a temporary high. If the stock falls back, it could have an impact on the entire market. A correction to $349.67 and below to $341.33 is forecast before another breakout attempt could be made. However, should the stock clear the $374.00 level, it could rise straight to additional price targets of $384.00 and beyond.
Overall, the development of Microsoft shares could have a significant impact on both the market and the industry as a whole. It is important to closely monitor further developments in order to assess potential opportunities and risks.
Read the source article at www.onvista.de